- Health care company Assura said Monday rental income rose supported by acquisitions and developments in the first half of the year.

The company acquired 39 medical centres and completed two developments for £108.2m in the first half. The additions had a combined passing rent of £5.5m and a weighted average unexpired lease length of 13.3 years.

Assura now owned 556 medical centres with a total annualised rent roll of £96.9m, up from £91.0m, with growth in the financial year to date driven primarily by acquisitions, the company said.

The company's pipeline of acquisitions and developments stood at £107m and £82m, respectively. 'We are delighted to have been assigned a rating of A- by Fitch and successfully raised £300 million from the senior unsecured bond. We continue to expand the portfolio, having invested £108 million in the first half of the year, and maintained the pipeline of future opportunities,' said Jonathan Murphy, CEO. 'We have good momentum in the business, with a strong pipeline of opportunities. We remain confident in the outlook for the business.'

At 11:25am: [LON:AGR] Assura Group Ltd share price was -0.15p at 53.95p

Story provided by