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BRIEF-Pulse Health acquires six Australian facilities and New Zealand hospital

Published 07/12/2015, 10:26 am
Updated 07/12/2015, 10:30 am
© Reuters.  BRIEF-Pulse Health acquires six Australian facilities and New Zealand hospital
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Dec 7 (Reuters) - Pulse Health Ltd PHG.AX :

* Acquires six Australian facilities and New Zealand hospital PHG.AX

* Says Pulse Health Limited acquires six Australian facilities and one New Zealand hospital and provides pro forma FY 2017 EBITDA guidance of $18.1M

* Says upfront consideration of $48.3 million and potential earn outs subject to FY 2016 and FY 2017 performance

* Pulse reconfirms FY 2016 EBITDA guidance of $10.2M and provides pro forma FY 2017 EBITDA guidance of $18.1M

* Fully underwritten $11.5 million share placement and a 2-for-5 pro rata non-renounceable entitlement offer to raise an additional $31.0 million at $0.470 per share

* Pulse expects the acquisitions FY 2016 earnings impact on Pulse will be minimal

* Source text for Eikon ID:nASX7xB1CZ

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