Assura is on site with a new health centre in Flixton, Greater Manchester

Assura joins FTSE 250 index

The Warrington-based developer and owner of GP primary care centres has joined the FTSE 250 Index, marking it as one of the largest companies listed on the London Stock Exchange.

Over the last three years Assura has posted consistent growth; net assets have increased threefold during this time, Assura’s share price has doubled, underlying profit is up 124% and dividends are almost twice what they were at the start of this same period.

Assura’s portfolio value is now £1.025m, with the company enjoying a £100m uplift in the valuation of its assets in the six months to the end of September.

Assura has raised a total of £475m through share issues in the past 18 months, to fund new developments and support acquisition opportunities.

The FTSE 250 Index is made up of the 101st to the 350th largest companies listed on the Stock Exchange.

Graham Roberts, chief executive of Assura, said: “We are pleased to be entering the FTSE250 which is a reflection of Assura’s transformational performance over the past few years into the sector’s market leader.

“As we look to the future, we are very much focused on continuing this strong growth. There is significant opportunity, with a highly fragmented market and an ever increasing requirement for high quality primary care space across the country.”

Assura’s corporate portfolio now includes 301 properties, with 25% of the developments located within a 50-mile radius of the company’s Warrington base.

Assura is currently on site with the construction of health centres in Flixton and West Gorton.

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