Primary Health Properties (LSE:PHP), a healthcare infrastructure investor with a £6 billion UK and Ireland portfolio, has confirmed it is in advanced discussions to contribute its private hospital assets into a newly formed joint venture.
The announcement, triggered by press speculation, confirms that PHP has moved beyond exploratory work on strategic options for the private hospital portfolio and is now in substantive talks with a single, unnamed investor.
No financial terms have been agreed, and the identity of the prospective partner has not been disclosed.
The discussions remain subject to all necessary approvals, and PHP cautioned there is no certainty a transaction will be concluded or on what terms.
