Apr 19th 2012 - Edison Investment Research today published a report on Primary Health Properties (PHP.L, LSE:PHP, LON:PHP) entitled "IMS Confirms New Debt". In summary, the report says:
PHP’s IMS (2012 to date) confirmed that banking facilities have been refinanced, which puts funds in place for acquisition-led portfolio growth. A key element of the medium term outlook, the new Health and Social Care Bill, passed into statute at the end of March. Over time, we expect an increased number of approvals for new medical centres, although the impact will probably be felt during in FY13 as new NHS management structures are due to be implemented during 2012. The NHS Commissioning Board, a public sector body, will be responsible for the reimbursement of GP premises costs.
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