Assura Plc (LSE:AGR) agreed to acquire United Kingdom Private Hospital Portfolio from NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) for £500 million on August 8, 2024. This will be fully funded through a mix of cash and shares including: 245,298,262 or c.£100 million of consideration shares ("Consideration Shares") issued to Northwest on a 30-day VWAP basis, and subject to a six-month lock-in agreement, £266 million of debt, which has been refinanced through a new term loan; and £134 million using £54 million of cash and drawing down £80 million from the Group's existing revolving credit facility. The REIT's UK portfolio was sold to Assura PLC ("Assura"), a publicly-listed REIT on the London Stock Exchange (LSE: AGR) for total consideration of £500 million (CAD 885 million), of which 80%, £400 million (CAD 708 million), was paid in cash with the remainder paid in shares of Assura valued at £100 million (CAD 177 million) calculated on a 30-day VWAP basis. The REIT's stake in Assura equates to approximately 8% of Assura's public float. Bronson Albery, Tom Macdonald and Patrick Colgan of Barclays Bank PLC acted as financial advisor to Assura Plc. As previously announced by the REIT, the strategic review process was led by a committee of independent trustees of the REIT (the "Committee") with the Committee engaging Canadian banks, Scotiabank and RBC Capital Markets, and international bank Deutsche Bank Securities, each as co-advisors to provide financial advisory services, and DLA Piper (Canada) LLP as legal counsel. Ian Painter, Daniel Murray, Rose Cocks, David Saleh, Simon Corzberg, Cameron Dwyer, Nigel Howorth, Steven Fox, Erik O'Connor, Will Sutton, Richard Day and Neil Cavanagh of Clifford Chance LLP acted as legal advisor to NorthWest Healthcare Properties Real Estate Investment. Cms Cameron Mckenna Services and Addleshaw Goddard LLP acted as legal advisor to Assura Plc. RBC Capital Markets Inc. acted as financial advisor to NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN).

Assura Plc (LSE:AGR) completed the acquisition of United Kingdom Private Hospital Portfolio from NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) on August 8, 2024. Scotiabank acted as the financial advisor to Northwest Healthcare Properties.