PHP outbids rival with £1.79bn takeover deal for Assura - Assura’s directors said they believe the fresh deal is in the ‘best interests’ of the medical property firm’s shareholders.

Story by This Is Money • 1w U K healthcare property investor Primary Health Properties has urged rival Assura to back its takeover bid over an offer from a US investment consortium.

At the time of PHP's first announcement of the offer in May, its bid consisting of 0.3769 new PHP shares and 12.5 pence in cash, had valued Assura at 51.7 pence, including dividends.