07:32 AM EDT, 06/11/2025 (MT Newswires) -- KKR & Co Inc ( KKR ) and Stonepeak Partners increased their cash offer for UK healthcare real estate investor Assura to about 1.7 billion pounds ($2.29 billion) or 52.1 pence a share, Assura said Wednesday.

Assura had supported KKR and Stonepeak's previous cash offer in April before prompting a higher bid from Primary Health Properties last month, which comprised both cash and stock. The duo's "best and final" offer beats Primary Health's rival bid.

Assura's board recommended that shareholders accept the increased offer by KKR and Stonepeak. The company expects to obtain all necessary clearances for the acquisition by the end of June.