Assura Rejects £1.56 Billion Takeover Offers from KKR, USS

Assura, a UK-based healthcare real estate investment trust, has received an unsolicited takeover proposal from American private equity firm KKR and the Universities Superannuation Scheme (USS). KKR's latest offer, valued at £1.56 billion, was rejected by Assura's board, which remains confident in the company's long-term prospects. The proposal included four indicative non-binding offers, the most recent at 48 pence per share, representing a significant premium over the current market price. Despite the board's rejection, KKR is considering whether to continue engagement. USS has confirmed it will not make any offer as part of a consortium. The situation marks a notable moment in the market, being the first takeover attempt on a FTSE 350 company in 2025.