Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies. The Group's portfolio comprises over 300 primary healthcare facilities, both completed and committed, the majority of which are GP surgeries, with other properties let to NHS organisations, pharmacies and dentists. Visit www.phpgroup.co.uk to find out more. Our history The idea of purchasing primary healthcare premises and leasing back to NHS GPs through indirect property investment was put forward by Harry Hyman in 1994. Following the purchase of a small portfolio of primary care premises, Primary Health Properties PLC (“PHP”) was incorporated in 1995 and floated on the Alternative Investment Market in 1996. On 5 November 1998, PHP achieved full market listing on the London Stock Exchange. On 1 January 2007, PHP became the UK's first dedicated healthcare Real Estate Investment Trust.