Pulse Health provides updates on acquisitions and financials

25/05/2016 09:30:00

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Pulse Health Limited (ASX:PHG) has announced that the Gold Coast Surgical Hospital, which it commissioned on 1 September 2015, will break-even six months later than anticipated.  The company says that break-even is anticipated by the second half FY2017.
 
Pulse Health also says that EBITDA for FY2016 will be $700,000 in relation to five medical facilities and one New Zealand Hospital that it acquired in December 2015.
 
The company expects underlying EBITDA for FY2016 to be between $8 million to $9.2 million, down from $10.2 million.  The company also says that the reduced earnings are due to a recent downturn in activity at three of its rehabilitation hospitals.
 
Pulse Health reported a net loss of $812,000 at 31 December 2015.