Primary Health Properties says MedicX integration on track

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Primary Health Properties said the first half of the year had started 'well' as the company continues to integrate its acquisition of MedicX Fund.

'The integration is progressing according to plan,' chief executive Harry Hyman said.

'Additionally, our priority has been to maintain operational momentum by pursuing new pipeline acquisition opportunities both here and in Ireland, and ensuring rental growth prospects are maximised as well as pursuing asset enhancement projects.'

'The company is pleased that shareholders have seen a strong positive response from the market to the merits of the merger and we remain committed to maintaining a fully covered dividend whilst paying out substantially all of underlying earnings.'

At 1:07pm: (LON:PHP) Primary Health Properties Plc share price was -0.6p at 136.2p