Healthcare property group boss Burrell to go after GP business sale

HEALTHCARE property group Assura founder and chief executive Richard Burrell is leaving the Warrington-based company.

The move comes a few days after Mr Burrell closed a deal to sell 75.1% of the loss-making Assura Medical services business (which bids for NHS contracts to provide GP amenities like walk-in centres and sexual health clinics) to Virgin Healthcare.

Following the deal, Mr Burrell will join Virgin Healthcare’s board.

Mr Burrell, who started Assura in 2003, took it to a flotation on the London Stock Exchange.

After the GP business sale, the company is now concentrating on releasing value in its property and pharmacy businesses.

It also wants to reduce its cost base and resume dividend payments.

“Having successfully secured the future of the medical services business, Richard considers it appropriate for him to pursue opportunities outside Assura,” said a company statement

Mr Burrell will be replaced as chief executive by Nigel Rawlings, Assura’s former chief financial officer.

Non-executive director Clare Hollingsworth is joining the board of Virgin Healthcare to represent its 25% interest in that business.

Assura remains in talks with a potential buyer, which could lead to a takeover bid.

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