Primary Health Properties sees earnings rise 14% as it plans further Irish expansion

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Investor in healthcare facilities already has 20 assets in the Republic via IrishTimesBiz

and Britain, saw its adjusted earnings rise almost 14 per cent in 2021 to £83.2 million , it said on Wednesday, as it signalled further expansion in the Irish market.

As it published its annual results, PHP, which already has a portfolio that includes 20 properties in the Republic, said 2021 had been “another strong year of progress” that had seen it complete changes in its management structure and refinance a number of legacy loan facilities with Aviva Investors.

Mr Hyman added that the need for modern local primary healthcare facilities was becoming “ever more pressing” in order to relieve pressures being placed on hospitals and A&E departments as they try to catch-up on waiting lists.

 

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