Type Public (LSE: AGR) Subsidiaries Assura Properties Plc Founded 2003 Net income 27.9 million GBP (2016) | Industry Property Website www.assuraplc.com Revenue 61 million GBP (2016) | |
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Key people Simon Laffin, Chairman
Graham Roberts, CEO Stock price AGR (LON) 58.05 GBX +0.70 (+1.22%)24 Feb, 4:35 PM GMT - Disclaimer Headquarters Warrington, United Kingdom | ||
Assura plc is a British-based property business headquartered in Warrington. It develops property for primary care. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
History
The business was launched as The Medical Property Investment Fund in 2003 and became listed on the London Stock Exchange in that year. The name was changed to Assura Group in 2006. In 2008 the company bought new premises for expansion in Halton. Assura sold its Assura Medical division to Virgin Group in 2010, which rebranded it as Virgin Care.
It acquired AH Medical, another primary healthcare business, in 2011. It named Graham Roberts, a former finance director of British Land Company, as Chief Executive in March 2012. In June 2012 it decided to convert to Real Estate Investment Trust ('REIT') status.
Operations
The business invests in and develops primary health care centres in the UK. In June 2014 the company's medical centre portfolio stood at 230 primary care medical centres with a contracted passing rent of £46.3 million. In November 2014 it bought 11 medical centres, for £63.1 million, having bought 4 earlier in the month.