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Pulse Health Group Director Invests On Market, Increases Shareholding To 32.45m Shares

Pulse Health Group (ASX: PHG) director Andrew Gregory has purchased a further 1.35 million shares on market, increasing is shareholding to 32.45 million shares in the company.

Gregory acquired the shares for a total consideration of A$52,650, or an average entry price of $0.039.

Pulse Health Group is strengthening its position in the private hospital sector, having become profitable last year.

The company is growing its portfolio through the acquisition of the Eden Rehabilitation Hospital, an established and profitable 36 bed rehabilitation hospital currently owned and operated by Sundale Garden Village, a not for profit community association based on the Sunshine Coast.

The facility is 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 provides the company with reduced risks, time and cost of developing clinical programs, recruiting specialist staff and developing referral patterns.

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