Monash IVF Group is set to strengthen its presence in the Perth IVF market by acquiring Fertility North Holdings, which operates from a modern clinic at Joondalup Health Campus.
The acquisition, involving an 80% stake for an initial cash consideration of $12 million, is expected to boost Monash IVF's net profit after tax by approximately 4%.
With eight additional fertility specialists joining, the deal aligns with Monash IVF's expansion strategy in Perth's growing northern corridor.
The transaction is subject to the Australian Competition and Consumer Commission approval, with completion anticipated in the third quarter of FY24.