NHS landlord Primary Health Properties (PHP) has been expanding at a furious rate over the past few months, issuing first equity and then retail bonds to fund the purchase or construction of primary health facilities. The latest announcement concerns the development of a new 10 GP practice in Stourbridge, West Midlands, for £8.5m, which PHP has agreed to finance in exchange for a 25-year lease.
IC TIP:
Hold
at
340p
