 | |
| Company type | Publicreal estate investment trust |
|---|---|
| Industry | Investment trust |
| Founded | 1995 |
| Founder | Harry Hyman |
| Headquarters | London ,United Kingdom |
Key people | Harry Hyman (Chairman) Mark Davies (CEO) |
| Revenue |  £181.7 million (2024)[1] |
| £103.4 million (2024)[1] | |
| £41.4 million (2024)[1] | |
| Website | www.phpgroup.co.uk |
Primary Health Properties plc is a Britishreal estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500primary healthcare facilities within theUnited Kingdom andIreland.[2] It is listed on theLondon Stock Exchange and is also a constituent of theFTSE 250 Index.[2]
Primary Health Properties was incorporated in 1995, floated on theAlternative Investment Market in 1996, and listed on the London Stock Exchange in November 1998. The company switched to Real Estate Investment Trust status when REITs were introduced in the UK in January 2007.[3]
In September 2018, Primary Health Properties acquired an accommodation block next toWansbeck General Hospital in September 2018, as well as Jellia Holdings, the owner of three purpose-built primary care centres in Navan Road,Dublin,Newbridge, County Kildare andCelbridge.[4][5]
In June 2019, Primary Health Properties completed a £1 billion merger withMedicx Fund, creating the largest healthcare property investor in the UK, with a combined portfolio of almost 500 properties.[6][7]
In 2020, the company raised £140 million through a placing of 96.6 million shares to fund future acquisitions.[8]
In 2022, it bought Chiswick Medical Centre, which is let to HCA International Ltd, in London for £34.5 million.[9]
In May 2025, the company made an offer of £1.68 billion to acquireAssura plc.[10]
In 2017, it was reported that 90 per cent of the company's rent came from theNational Health Service with nine per cent from pharmacies.[11] The company had a portfolio worth £2.8 billion as of 31 December 2023.[1]
