Assura secures nine-figure finance deal to fuel expansion

Property business Assura plc has secured a new £120m revolving credit facility to drive its expansion plans.

The Warrington-based firm, which invests in and manages more than 300 medical centres across the UK, agreed the bank facility with NatWest, Barclays and HSBC.

The move will support its ongoing strategy to acquire GP surgeries and make improvements to its existing network.

Assura’s finance director, Jonathan Murphy, said: “The expansion of the business will see a number of surgeries purchased and modernised, creating efficiencies and transforming the level of patient care in local communities.

“It’s an exciting undertaking and having strong relationships with our banks has provided us with the flexibility needed to deliver the programme.”

NatWest’s head of real estate finance for Greater Manchester, Heath Thomas, praised Assura’s position in its market by saying the firm has been “at the forefront of primary care” for years.

He continued: “We are delighted to support the business on its programme of modernising further properties, providing a vital resource to a wealth of communities.

“We have a good relationship with Jonathan and the management team which allows for us to deliver funding provision to meet their business aspirations.”

Heath added: “We wish the business every success for the future.”

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