Finance Associates acquired the shares on-market last month for a total consideration of A$146,643, providing an average entry price of around $0.04.
Finance Associates took up 15 million shares in Pulse Health for total consideration of $600,000.
Pulse Health Group is ideally placed in the defensive health care 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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