Pulse Health Ltd
(ASX:PHG) has decided not to go ahead with the purchase of two medical facilities in Western Australia (WA).
Previously, in December last year, Pulse Health announced it would acquire Wakiki Private Hospital and Westminster Day Surgery.
However, the company has today exercised its contractual right to terminate the agreement due to a “material adverse change affecting these businesses”.
The company says that no contributions from the cancelled WA acquisitions were included in its 2016 FY earnings guidance.
Pulse Health reported a net loss of $812,000 at 31 December 2015.
