The UK Takeover Panel has granted an extension for KKR and Stonepeak Partners to finalise a firm offer for Assura, the British healthcare real estate investment trust (REIT) from 15 March to 11 April, according to a report by Reuters.
The extension will allow the private equity consortium additional time to complete due diligence.
KKR and Stonepeak have been evaluating a potential takeover bid for Assura as part of their growing interest in healthcare infrastructure investments.
Assura, which specialises in primary care property investments across the UK, has drawn interest due to its stable long-term rental income and critical role in the healthcare sector. If a deal materialises, it would represent another significant private equity-backed acquisition in the UK real estate market.
Neither KKR nor Stonepeak have commented on the extension.
