The board of Assura has rejected KKR’s fourth offer to acquire the British healthcare landlord in a deal that would have valued it at £1.56 billion.

British healthcare property developer Assura has rejected a 1.56-billion-pound ($2 billion) proposal from KKR and pension fund Universities Superannuation Scheme, the U.S.-based private equity group said on Monday.

Altrincham-based healthcare property group, Assura, has received a preliminary, unsolicited approach from American private equity giant Kohlberg Kravis Roberts & Co. Partners (KKR) and the pension fund Universities Superannuation Scheme (USS).

By Pushkala Aripaka and Yadarisa Shabong (Reuters) -British healthcare property developer Assura has rejected a 1.56 billion pound ($2 billion) acquisition bid from KKR and pension fund Universities Superannuation Scheme,

KKR said it has put forward a non-binding proposal offer to buy Assura, which values the London-Listed property business at 1.56 billion pounds ($1.97 billion). The financial services company said Monday that it submitted four indicative non-binding proposals to the board of Assura over the last six months,