INVO Bioscience Acquires Wisconsin Fertility Institute for $10 Million
INVO Bioscience, Inc. announced on March 20 that it acquired Wisconsin Fertility Institute, a three-physician practice in Middleton, Wisconsin, for $10 million. The deal is expected to close during the second quarter of 2023. The purchase price will be payable over a three-year period. There will be an initial $2.5 million due in cash at closing, with subsequent $2.5 million payments due annually for the following three years. Subsequent payments may be paid in cash or in shares of INVO common stock valued at $6.25, $9.09 and $14.29, for the second, third and final payments, respectively. Wisconsin Fertility Institute primarily offers conventional IVF procedures. It generated approximately... Read More »
Advanced MedAesthetic Partners Forms Partnership With Destination Aesthetics
Advanced MedAesthetic Partners (AMP) has formed a partnership with Destination Aesthetics, a medical spa in Northern California. This partnership with Destination Aesthetics represents a significant expansion for AMP in the state of California. Skytale Group acted as lead sell-side advisor to Destination Aesthetics. Terms of the deal were not disclosed. Destination Aesthetics is a medical aesthetics practice specializing in facial and body aesthetics with five locations throughout the Sacramento, California MSA. AMP is a platform of elite aesthetic practices throughout the United States. AMP offers support includes managerial, administrative, marketing, clinical training, information... Read More »
Vitreoretinal Consultants of New York Acquires Retina Consultations
Vitreoretinal Consultants of New York (VCR) announced on March 16 that it completed its acquisition of Retina Consultations. The new location will allow VRC to provide advanced retinal and macular care to patients in Westchester County, New York. The financial terms of the acquisition were not disclosed. Run by Dr. Charles Mango and Dr. Steven Bodine, Retina Consultations provides eye care from its location in Bronxville, New York. Founded in 1981, VRC is a retina practice serving Long Island and Queens, New York. It operates nine locations and has 17 physicians. According to data captured in the LevinPro HC database, this acquisition represents the 111th Physician Medical Groups and 11th... Read More »
Spotlight on Fertility Services and Investment
Fertility is one of the fastest-growing service lines in healthcare. Analysts agree that while valuations may dip slightly from their post-COVID highs, the sector’s growth potential over the next several years is substantial. The fertility sector: What are we talking about? A significant number of American couples rely on fertility services to grow their families. According to the Centers for Disease Control and Prevention’s most recent National Survey of Family Growth: – 1 in 5 heterosexual women is unable to conceive after at least 12 months of trying – Only 12% of women in the U.S. have ever received any infertility services The U.S. Department of Health and Human... Read More »
