Primary Health Props Enters 50:50 JV With GIC To Invest In Private Hospital Infrastructure

Oct 19 (Reuters) - Primary Health Properties PLC PHP.L:

• PRIMARY HEALTH PROPS - NEW STRATEGIC JOINT VENTURE WITH GIC

• PRIMARY HEALTH PROPERTIES: ENTERS 50:50 JV WITH GIC TO INVEST IN PRIVATE HOSPITAL INFRASTRUCTURE

• PRIMARY HEALTH PROPERTIES: JV SEEDED WITH 27 PRIVATE HOSPITALS VALUED AT ABOUT £0.7 BILLION

• PRIMARY HEALTH PROPERTIES: EXPECTS NET PROCEEDS OF ABOUT £0.5 BILLION TO REPAY DEBT

Further company coverage: PHP.L