Interserve has sold its shares of health joint venture company, Interserve Prime.

Partnering health and care property company Prime has bought the shares, and will rename the company Prime Partnering Solutions.

The acquisition will have no other impact on the company.

Despite leaving the JV, the companies will continue to have a good working relationship, as Interserve remains a key supply chain partner to Prime.

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Prime Chief Executive Leighton Chumbley said: "We believe there is further opportunity to enrich the health community and revolutionise how estates transformation is achieved at a local level. By utilising SEPs to support Sustainability and Transformation Plans (STP) Trusts and their health partners could access capacity and capability to integrate health delivery and realise their clinical aspirations."

(CM/JG)