Primary Health Properties (LON:PHP) - Ahead of FY12 growth forecast

Jan 02nd 2013 - Edison Investment Research today published a report on Primary Health Properties (PHP.L, LSE:PHP, LON:PHP) entitled "Ahead Of FY12 Growth Forecast". In summary, the report says:

Primary Health Properties has acquired Apollo Medical Partners (AMP) in a £10.2m corporate transaction which adds 14 assets valued at £62.3m to its portfolio; it also assumed £49.8m of debt. It paid £4.2m in cash and 1.23m in shares on completion including transaction costs; another £1.8m is due on delivery of assets under construction. That builds on £29.5m of acquisitions and commitments between 1 July and the 15 November IMS. AMP was part of a reported £106m of deals in solicitors’ hands at that date and followed a £3.6m asset purchase earlier this month. PHP now holds 183 assets, a total value of £643.3m including forward funding commitments, with a £38.9m contracted annual rent roll. Total available debt post AMP...