From AFR Street Talk
Pulse Health has received a takeover offer from a Chinese party, sources told Street Talk on Thursday.
Sources pointed to China's Luye Medical which acquired private hospital owner Healthe Care for $938 million last December as the logical acquirer.
Pulse was placed in a trading halt after it said it had received a non-binding and indicative proposal to purchase 100 per cent of the shares in the company.
Pulse is a health services provider with private hospitals, day surgeries and community home care. The company's market capitalisation was worth $85 million based on the last close.
The bid comes as strategic buyers move in on Australia's listed and unlisted health care companies.
Already this year, China's Jangho Group has taken a 15 per cent stake in Primary Health Care while airconditioning company AUX Group tried to pick up TPG and The Carlyle Group's stake in hospital operator Healthscope last year.
