10:39 AM EDT, 05/16/2025 (MT Newswires) -- KKR (KKR) and Stonepeak Partners' rival suitor for UK-based Assura, Primary Health Properties, announced a revised offer on Friday that values the health care real estate investment trust at about 1.68 billion British pounds ($2.23 billion).

PHP said in a statement that its offer, which implies a total value of 0.517 pound for each Assura share, represents a 4.7% premium to the 0.494 pound-per-share cash offer from KKR and Stonepeak.

PHP said its offer consists of 0.3769 new PHP share and 0.125 pound in cash for each Assura share.

KKR didn't immediately respond to a request for comment from MT Newswires.

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