Healthe Care Australia acquired the Pulse Health hospital portfolio for $155 million in May. 

As part of the deal Healthe Care Australia – the country’s third largest corporate private hospital operator – acquired Pulse Health’s 13 hospital portfolio. 

Post the Pulse deal Healthe Care comprises 34 private hospitals (33 in Australia and one in New Zealand), revenue in excess of A$700 million, approaching 7,000 staff and near 2500 hospital beds.

This includes Forster Private Hospital’s 69 bed medical, surgical and rehabilitation hospital.

Since inception in 2005, Healthe Care has been one of Australia’s fastest growing health care companies.

The Australian Associated Press reported, China's Luye Medical, owned by Chinese billionaire Liu Dian Bo, acquired Healthe Care for $938 million in April 2016. 

Luye Medical Group also aquired Taree’s Mayo Private Hospital in a previous deal. 

A report in the Manning River Times detailed Mr Liu said his company was committed to supporting local standards of care.

Healthe Care chief executive officer, Steve Atkins said under Healthe Care’s ownership, the company is focused on ensuring each of these newly acquired hospitals continue to deliver high quality care outcomes for patients.

“The opportunity to enhance our existing strong relationship with health insurers and health care regulators continues to improve as we grow,” he said. 

“We encourage all of our hospitals to be innovative and seek out every opportunity to ensure community members with private health insurance are provided the best possible care.

“Healthe Care looks forward to partnering with doctors working across the Pulse network, to providing strong support to local management teams and staff, as well as the development of robust strategic plans that will underpin these important community services into the future.”