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Leading hospital operator to buy Pulse Health
Two firms have advised on a proposed transaction that will see a leading private hospital operator acquire Pulse Health.
Emma Musgrave
Firms: Norton Rose Fulbright (Pulse Health); Allens (Healthe Care Australia Pty Ltd)
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Deal: Healthe Care Australia has made a proposal to acquire Pulse Health.
Value: $150 million
Area: M&A
Key players: The team advising Pulse Health was led by Norton Rose Fulbright partner James Stewart (pictured), with assistance from lawyers Sophie Wade and Chanel Mercurio.
Deal significance: Healthe Care Australia is a leading Australian private hospital operator.
Healthe Care operates a portfolio of 17 hospital sites in major cities and key regional areas across Australia. The company has 1,800 beds, more than 50 operating theatres and more than 4,500 employees.
Healthe Care’s proposed acquisition of Pulse Health is by way of scheme arrangement.
Norton Rose Fulbright partner James Stewart said despite the bid being non-binding and indicative, as well as subject to due diligence, Pulse said it will engage further will Healthe Care, with due diligence expected to be completed within six weeks.
“We are really pleased to be assisting Pulse Health on this proposal,” he added.
