EY advises Warrington-headquartered Assura plc on £98.4m share placing

Assura plc, the healthcare property developer, has raised £98.4m through a share placing.

The Warrington-headquartered company said the transaction will fund its pipeline of acquisition and development opportunities.

Assura carried out the placing with legal advice from the law team at EY.

The professional services firm’s transactional lawyers assisted Assura throughout the deal’s strategic planning and execution phases.

The share placing, which according to EY was “significantly oversubscribed”, will enable the developer to build its footprint in the primary healthcare sector by taking advantage of market opportunities while maintaining a strong balance sheet.

Paul Devitt, partner in EY’s Manchester-based law team, said: “We were delighted to be able to continue to support Assura in this next stage of their growth, by successfully delivering their share placing.

“This is a great example of the work coming into our growing legal practice across the UK.”