Primary Health Properties, Singapore's GIC Form Private Hospital Infrastructure Investment JV

02:48 AM EDT, 10/19/2026 (MT Newswires) -- Primary Health Properties (PHP.L, PHP.JO) agreed to form an equally held joint venture with Singapore's sovereign wealth fund, GIC, to invest in private hospital infrastructure. The London-listed critical healthcare infrastructure investor said Monday it will seed the joint venture with a 27-hospital portfolio valued at 700 million pounds sterling. It expects to net 500 million pounds from the transaction, with the net proceeds earmarked for the repayment of debt facilities. Completion of the transaction is expected in November.