Vision Eye Institute Limited has gone into a trading halt after a takeover offer from Pulse Health.
“The trading halt is requested pending an announcement by the company to the market in response to an unsolicited offer received from Pulse Health,” Vision said.
Pulse Health is also in a trading halt.
Vision is Australia’s largest provider of ophthalmic care, diagnosing and treating people with eye disorders. Before the trading halt its shares were down 2.96% to $0.655 in a falling market
For the half year, Vision posted a 8.5% increase in profit after tax to $6.7 million on revenue of $54.9 million.
Pulse Heath runs specialist rehabilitation hospitals.