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PULSE HEALTH TO RELIST ON AUSTRALIAN STOCK EXCHANGE TODAY.
SYDNEY, Oct 1 Asia Pulse - Health services provider Pulse Health Ltd (ASX:PHG), formerly known as Biometrics Ltd, will relist on the Australian stock exchange today.
Pulse, which acquired the Bega Valley Hospital for A$1.5 million (US$1.3 million), Canberra-based nurses agency, Care on Call, and Sydney-based Northside Nursing this year, is seeking to grow into a major integrated health care provider.
The company, which has a market capitalisation of A$27.2 million, is issuing 135.9 million shares. Shares ended trading in June at A20 cents per share.
Pulse said it expects to deliver around A$100 million in annualised revenues over the next three years and is targeting an earnings before interest and taxes (EBIT) margin of 12 to 15 per cent.
The company's managing director Peter Mangles said Pulse was looking to acquire a number of hospitals and home care services in the remaining quarter ...
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Source: HighBeam Research, PULSE HEALTH TO RELIST ON AUSTRALIAN STOCK EXCHANGE TODAY.