News: PHG Pulse Health updates on outlook

May 25 (Reuters) - Pulse Health Ltd (PHG) :

• Expects FY 2016 underlying EBITDA of between $8.0 - 9.2 million from existing assets
• Reduction in earnings is primarily attributable to a recent downturn in activity in our three rehabilitation hospitals
• Revised guidance excludes any FY 2016 contributions from recently announced acquisitions
• Says expects rehabilitation revenue to comprise less than 30% of group revenue in FY 2017, down from 57% in FY 2015.
• Says expected to deliver an incremental FY 2017 EBITDA of $6.4 million
• Total ramp-up losses (EBITDA level) are expected to be $6.0 million for FY 2016 (ifrs accounting basis).