IntegraMed ® America, Inc. (NASDAQ: INMD), the leader in developing, marketing and managing specialty healthcare facilities in the fertility and vein care markets, announced today that its Attain Fertility® Centers Division (AFC) acquired Palmetto Fertility Center (PFC) in Miami Lakes, FL. PFC to merge its operations with another Attain Fertility partner center, IVF Florida Reproductive Associates (IVFFL). No additional terms of the transaction were disclosed. Dr. Michael D. Graubert, medical director for PFC, commented, "Given today's healthcare environment, we believe that merging with IVF Florida and working together with IntegraMed’s AFC division will provide us with a high level of support to grow our practice and further enhance the overall operations of the center. As part of IVF Florida, we look forward to opportunities to improve outcomes and quality care for our patients and their families in the greater Miami community." With this acquisition, IVF Florida Reproductive Associates will represent over 40% market share in the South Florida region - defined as Broward, Palm Beach, Martin, St. Lucie and Miami-Dade counties – an area responsible for approximately 1,800 IVF cycles per year across more than 5.5 million residents. Palmetto Fertility Center includes a state-of-the-art fertility laboratory that will allow the combined operations to better service the growing Miami-Dade county market. PFC is currently staffed by two board-certified Reproductive Endocrinologists (REs) along with a lab director and additional office staff. For over 25 years, IntegraMed’s Attain Fertility Centers division has helped partner practices grow faster and more profitably than they would have on their own. This partnership will help IVFFL to gain market share through AFC’s proven model for success, focused on:
- Alignment through strategic planning and capital investments;
- Operational Excellence by leveraging industry-leading standardized operations, administration, clinical tools, market research and shared services, and,
- Growth through world-class marketing and a patient-centric approach that ensures partner practices continue to gain market share within their region.
"This partnership, along with the recently announced partnership with the University of North Carolina, is further proof that we continue to pursue opportunities to improve the operations of our Attain Fertility Center Partners as well as enter new markets as we build out our leadership position as the nation’s leading manager of fertility centers.”About IntegraMed America, Inc. IntegraMed is a leader in developing, marketing and managing specialty outpatient healthcare facilities, with a current focus on the fertility and vein care markets. IntegraMed supports its provider networks with clinical and business information systems, marketing and sales, facilities and operations management, finance and accounting, human resources, legal, risk management, quality assurance, and fertility treatment financing programs. Attain Fertility Centers, an IntegraMed Specialty, is the nation’s largest fertility center network, with 15 company-managed partner centers and 23 affiliate centers, comprising over 130 locations across 34 states and the District of Columbia. Nearly one of every four IVF procedures in the U.S. is performed in an Attain Fertility Centers network practice. Vein Clinics of America, an IntegraMed Specialty, is the leading provider of specialty vein care services in the U.S. The IntegraMed Vein Clinic network operates 45 centers across 14 states, principally in the Midwest and Southeast. For more information about IntegraMed please visit: www.integramed.com for investor background, www.attainfertility.com for fertility, or www.veinclinics.com for vein care.