Assura said on Friday that it has completed the acquisition of primary care developer Apollo Capital Projects Development Limited (Apollo).
Apollo has over 20 years of experience in healthcare property development in the UK.
”The acquisition increases our immediate and extended development pipeline by an initial eight schemes with an estimated total capital expenditure of £50 million,” said Assura in a statement.
“The acquisition of Apollo will further enhance our sector-leading in-house development capabilities and substantially expand our pipeline, which is already the largest in our history,” said Jonathan Murphy, CEO.
“Following our acquisition of primary care developer GPI in 2019, this is another important step in our growth story that further deepens our understanding of the future trends shaping the sector, from building design to sustainability. Expanding our offer to the NHS as its partner of choice has never been more vital than it is today. As Apollo’s colleagues integrate into Assura, we look forward to working together to continue creating outstanding spaces for health services in our communities,” he added.