The acquisition of a counterpart by a Warrington-headquartered healthcare property developer has been completed.
Assura, which is listed on the London Stock Exchange, has concluded the deal for primary care developer Apollo Capital Projects Development.
As well as expanding the Assura development team to 11 specialist surveyors, the acquisition increases the company's immediate and extended development pipeline by an initial eight schemes with an estimated total capital expenditure of £50m.
Assura's chief executive Jonathan Murphy said: "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.
"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."
