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Pulse Health Group Gains Substantial Shareholder

Pulse Health Group (ASX: PHG) has added Dr Phillip Ewart to its register as a substantial shareholder with a 5.2% shareholding.

Ewart purchased an additional 1.4 million shares for a total consideration of A$58,782.

The company is continuing its growth in the profitable private hospital sector.

Pulse Health delivered an unaudited EBITDA 35% higher in the September 2012 quarter compared to the previous September quarter, with the Eden Rehabilitation Hospital performing better than the company's internal projections.

Eden is an established and profitable 36 bed rehabilitation hospital strategically located in Cooroy, Queensland, a 30 minute drive from the existing Pulse Health facility at Gympie.

Queensland is a region under serviced for rehabilitation and the acquisition of Eden provided Pulse Health with reduced risks, time and cost of developing clinical programs, recruiting specialist staff and developing referral patterns.

The company now has rehabilitation facilities in Eden, Westmead and Forster.

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