PHP confirms 'advanced' talks on possible joint venture

(Sharecast News) - Primary Health Properties confirmed it was in advanced talks with an unnamed investor on the potential formation of a joint venture involving its private hospital portfolio.

PHP said it had been exploring a range of options to enhance the long-term value of the portfolio, including potential joint venture arrangements with "highly credible" investors.

"Discussions remain ongoing, will be subject to all necessary approvals and there can be no certainty that any transaction will be agreed, nor as to the terms on which any transaction might be concluded. PHP continues to evaluate all options." the company said in a short statement on Wednesday.

Reporting by Frank Prenesti for Sharecast.com