New private hospital investment

Pulse Health has announced a $2 million investment.
Pulse Health has announced a $2 million investment.

THE deadline on negotiations over the Gympie Private Hospital sale is up at the end of July, and Pulse Health CEO Dr Ian Kadish is confident the sale will go through.

He said while there were no new owners yet, the hospital had entered negotiations with private investors.

Any deal struck with new investors will see a 20-year lease-back agreement with Pulse Health to run the hospital.

Dr Kadish said the sale would see the immediate go-ahead of a $2 million investment by Pulse Health on two new buildings to house a day surgery and x-ray facility.

He said once completed, the Gympie Private Hospital would rival the Ramsay Hospital on the Sunshine Coast.

“I think it will be good for Gympie,” he said.

The foundations have been laid for both buildings and council approval obtained. Other funding avenues will be sought for the project, if the sale doesn’t go through, Dr Kadish said.

He said the demand for services was there and a lot of patients were currently travelling to the coast for services, which will be provided by the investment.

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