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Pulse Health Group Director Continues To Buy Shares On Market

Pulse Health Group (ASX: PHG) director Andrew Gregory has further increased his stake in the company by another 533,544 shares on market.

Gregory bought the shares for a total consideration of A$29,874.2, providing an average entry price of $0.056 per share.

This takes his stake up to 36,929,281 shares held indirectly.

He had earlier this month acquired 1.6 million shares on-market.

Pulse Health continues to leverage the profitable private hospital sector, which is a strategy that is paying off.

With the acquisition of the Eden Rehabilitation Hospital, revenue from continuing operations grew to $24 million for the first half of the 2013 financial year, a $4.7 million or more than 24% increase over the same period in the previous financial year.

As at 31 December 2012, Pulse Health had a total cash balance of $1.8 million plus an unused overdraft facility of $0.8 million.

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