Two fertility clinics are banking on growth through acquisitions. At least, their investors are. Miami, Florida-based Prelude Fertility last week announced its acquisition of Vivere Health, LLC, a portfolio company of LLR Partners.
Franklin, Tennessee-based Vivere operates fertility practices and labs in partnership with fertility specialists in nine U.S. markets. Since its founding in 2010, it has partnered with fertility specialists to promote or establish their practices while removing the burdens of day-to-day management. It also has egg banking services and a mail-order pharmacy.
Prelude Fertility is a reproductive science and technology company. It operates fertility treatment centers in the United States. The company was founded in 2016 by entrepreneur Martin Varsavsky, Lee Equity Partners, Reproductive Biology Associates and MyEggBank. It operates clinics in Atlanta and San Francisco and partners with practices across the United States.
The combined organization’s network comprises 28 locations from California to Connecticut, and also includes Conception Pharmacy and the nation’s largest donor egg bank, MyEggBank.
Financial terms were not disclosed, naturally.