News: Pulse Health ties up private hospital buy

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Pulse Health Limited (ASX:PHG) has tied up a $3 million purchase of the 34-bed North Mackay Private Hospital in Queensland. 

 

The private hospitals owner and operator announced the purchase last week and says it is excited about the value the hospital will bring to the company and the wider Mackay region. 

 

Pulse Health believes the acquisition complements its portfolio of specialist rehabilitation hospitals including Eden Rehabilitation Hospital on the Sunshine Coast, Westmead Rehabilitation Hospital in Sydney and Forster Private Hospital in regional New South Wales. 

 

The latest acquisition follows a $30 million capital raising Pulse Health completed to pursue acquisitions opportunities in Australia’s private hospital sector. 

 

Pulse Health reported a net profit of $933,000 in the first half of the 2014 financial year.