Sydney, Nov 19, 2007 (ABN Newswire) -
Integrated health services company, Pulse Health Limited (ASX: PHG) has entered into an agreement to purchase medical personnel placement business Recruitment Specialist Group Pty Ltd (RSG) which will become a key component of Pulse Health's Workforce Services Division.
RSG is an Australian company that assists Australian, New Zealand, UK, Irish and South African medical professionals secure locum and permanent employment in metropolitan and rural locations in Australia and overseas. RSG services both the public and private sector throughout Australia, New Zealand and the United Kingdom and is a market leader in allied health care placement solutions.
RSG is an international job market leader in the placement of Radiographers, Sonographers, Pharmacists, Pharmacy Technicians, Occupational Therapists, Physiotherapists, Speech Pathologists, Cardiac Technicians, Social Workers and associated allied health professionals into locum and permanent jobs.
The acquisition of RSG is immediately earnings accretive to Pulse Health Limited and will add approximately $2.2 million in annualised revenues at RSG's current level of activity.
Pulse Health Managing Director Peter Mangles said, "This is an exciting acquisition for Pulse Health, as it provides another component to our workforce services division."
Listen to Peter Mangles on Audio here:
http://abnnewswire.net/fnnlnk/57NL44CS"RSG Australia will provide Pulse Health an opportunity to focus on not only nursing recruitment but allied health professionals within the Australian healthcare sector." Mr Mangles further commented, "Along the same lines as the nursing shortage, the global work force shortage of allied health professionals is significantly impacting on the recruitment and retention of allied health professionals such as physiotherapists, occupational therapists and speech pathologists in the Australia health care sector. The ageing Australian population is also increasing the demands for the skills of these health professionals."
Pulse Health is being positioned as a provider of a range of health services in regional and metropolitan areas tapping into the opportunity created by the ageing of the Australian population. Accordingly, the company is seeking to build a major integrated healthcare business encompassing private hospitals, day surgeries, and community care and workforce services.
