Ashley House floats on AIM

Ashley House, the primary care infrastructure group, has begun trading on AIM today raising £5m from a placing at 150p per share.

15 January 2007 00:00

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The company made the move from PLUS, formerly known as the OFEX market, and is now valued at over £40m, selling shareholders made £1.5m.

Set up in 1991, the company designs, builds and manages medical property facilities used by NHS primary care trusts.

Ashley House feels that it is in a good position to grow as the NHS tends to be increasingly moving towards outsourcing as a means of operating.

The company has worked on 200 different facilities in the NHS, which range from small surgeries to large hospitals.

Chief Executive Jonathan Holmes, said: “The move to AIM and the capital raising will significantly benefit Ashley House and help us continue the expansion of our core infrastructure business.

“The new capital and profile will also help us deliver growth from related business streams: asset management, health villages, clinical services via joint ventures with clinicians, and delivering NHS LIFT schemes and other health projects via our new strategic alliance with Babcock and Brown.”