Assura Rejects £1.56 Billion Takeover Bid from KKR and USS

The NHS landlord turned down its fourth offer from KKR, with USS withdrawing from the consortium following the rejection.

Assura, a UK healthcare property owner, has rejected a £1.56 billion takeover proposal from private equity firm KKR and the Universities Superannuation Scheme (USS).
The latest bid, valued at 48p per share, represented a 28% premium to Assura's recent share price but was 3% below its net asset value.
This marks the fourth bid from KKR, all of which have been unanimously rejected by Assura's board, citing the undervaluation of its portfolio of over 600 NHS-backed properties.
USS, which had partnered with KKR for the bid, announced on Monday that it would no longer participate in any potential acquisition efforts.
KKR stated it is evaluating whether to continue pursuing a deal, with a March 14 deadline to make a firm offer or withdraw under UK takeover rules.