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Primary Health completes on MedicX merger, boosts Irish portfolio

Primary Health Properties PLC (LON:PHP) managing director Harry Hyman spoke to Proactive London following the completion of its merger with MedicX Fund (LON:MXF).

PHP expects the deal to result in cost savings of £4mln in the first year and lower financing charges further out.

Also this week PHP contracted to acquire a standing let primary care centre in the Republic of Ireland.

It has acquired The Meath Primary Healthcare Centre, a primary care centre located in Dublin, for a total cost of €10.9 million.

Quick facts: Primary Health Properties PLC

Price: 162.8 GBX

LSE:PHP
Market: LSE
Market Cap: £1.98 billion
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Primary Health Properties delivering 'impressive dividend track record and...

Proactive Research analyst Ed Stacey says Primary Health Properties (LON:PHP) has an impressive track record of dividend growth, increasing the payment every year since listing in 1997. On top of that he says they've delivered steady capital gains on its portfolio that have translated into...

on 21/10/19

2 min read