re: Ann: $3m capital raising, SPP and bank fa...
"Expansion through acquisition may be the answer but you don't get many hospitals for $3-5m."
. . . my undertanding is that Pulse isn't buying hospitals (which of course would need considerable capital), but that a property trust buys them and rents them to PHG with the latter taking the business profit. A good model I'd say, particularly since it's a trust and not a bank in the equation.
PHG Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
