Assura rejects PHP offer in favour of £1.6bn private equity bid

PHP has had its plans to create a £6bn healthcare property portfolio thwarted after Assura rejected its £1.5bn bid for the business in favour of a revised offer from KKR and Stonepeak. Assura said the 49.4p per share offer from Sana Bidco, a newly formed company owned by funds advised by the two US private…