Pulse Health gets new CFO

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Pulse Health gets new CFO

Healthcare provider Pulse Health Ltd has appointed a new chief financial officer after re-listing earlier this week.

Pulse, which is chaired by former federal Liberal leader John Hewson, has appointed Philip Symon as its chief financial officer.

Mr Symon previously worked in financial roles in the healthcare industry in Britain and the United States before returning to Australia, where he was involved in hospitals and the health sector.

Pulse, formerly known as Biometrics Ltd, relisted on Monday after finalising its $1.5 million purchase of the Bega Valley Hospital.

Its other recent buys include Canberra-based nurses agency, Care on Call, and Sydney-based Northside Nursing this year.

The healthcare newcomer has indicated it wants to become a major player through more acquisitions.

The company, which has a market capitalisation of around $11 million, expects to deliver around $100 million in annualised revenues over the next three years.

It is targeting an earnings before interest and taxes (EBIT) margin of 12 to 15 per cent.

Its shares were down 1.5 cents to 17 cents at 1314 AEST Wednesday.

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