May 19 (Reuters) - KKR said on Monday it
believed its offer for British healthcare property investor
Assura represented a "superior" proposal after rival
suitor Primary Health Properties ( PHPRF ) outbid the U.S. private
equity firm last week.
Assura said on Friday it was reviewing the new
cash-and-stock offer from Primary Health Properties ( PHPRF ), which came
in 4.7% higher than the KKR-Stonepeak all-cash bid.
The KKR-Stonepeak offer currently has the backing of the
Assura board.
($1 = 0.7517 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank
Dhaniwala)