Primary Health Properties (PHP) says it is in talks about the possibility of forming a joint venture, seeded with part of its UK private hospital portfolio, although it did not name the potential partner at this stage.
London-based Primary Health Properties (PHP) share price shot up nearly 5% on the JSE on Wednesday after confirming discussions with an investor over the potential contribution of its private hospital portfolio to "seed" a new joint venture.
The company, listed in London and with a secondary listing on the JSE since 2021, stated kin a statement that the talks remain ongoing and will be subject to all necessary approvals. There is no certainty at this stage that any transaction will be reached, and all options were being evaluated, PHP said.
On the JSE, the share price gained 4.78% to R20,82. PHP’s confirmation of talks followed speculation by Sky News that PHP was in discussions with an institutional investor to form a joint venture seeded with part of its private hospital portfolio.
Sky News described the potential investor as a large, credible institutional fund interested in healthcare real estate and the deal could involve hundreds of millions of pounds in assets, as an online search by Business Report showed.
