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Shore Capital provided an upbeat analysis of Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) after the specialist real estate group confirmed advanced talks to seed a joint venture with its private hospital portfolio. The broker, which acts as adviser to the company, said the update continued a positive narrative first set out alongside March results, when management flagged a new strategic ...
Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) shares rose 2.9% to 94.44p after the healthcare property investor confirmed it is in advanced discussions to create a joint venture backed by its private hospital portfolio. The FTSE 250 group issued a statement in response to recent media speculation, saying it is in talks with an investor about contributing the portfolio to seed a new vehicle.
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