KKR & Stonepeak warn of risks in PHP’s sweetened £1.68bn Assura bid\n\nThe private equity-backed consortium attempting to acquire Assura has issued a sharp rebuttal of a new shares and cash offer from Primary Health Properties (PHP), warning that the proposed £1.68bn merger would create a highly leveraged, capital-constrained business with limited room for growth. In a statement on 19 May, Sana Bidco – a newly formed… Membership Required #### You must be a HM Subscriber to view this content. Already have an account? 

KKR and Stonepeak warn of risks in PHP’s sweetened £1.68bn Assura bid

Private equity-backed consortium KKR & Stonepeak has warned of risks in PHP's £1.68bn bid for Assura, citing concerns about the merger creating a highly leveraged, capital-constrained business with limited growth potential.