In 1994, Harry Hyman proposed the idea of investing in healthcare premises and lease it back to NHS general physicians. This led to the founding of Primary Health Properties PLC the following year. In 1996, the company went public on the Alternative Investment Market, a constituent of the London Stock Exchange. The later launched on LSE, where it trades as PHP. Further growth saw the company included in the FTSE 250 index.
In 2007, the company became a Real Estate Investment Trust, the first one in the UK focused on the healthcare sector. The REIT invests in modern primary healthcare premises that can facilitate dividend growth and capital appreciation. Primarily, the company operates in the UK and Ireland. The target market for the company’s assets includes government healthcare agencies and general physicians. Notable real estate properties under the company’s ownership include Hope Family Medical Center and Allesley Park Medical Center, among others. The company is headquartered in London, UK.