MIAMI & PURCHASE, N.Y.--(BUSINESS WIRE)--Mar. 5, 2012--
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.
Jay Higham, President and CEO of IntegraMed, commented, “We are pleased
to see our fertility partner footprint continue to grow and build upon
the organic growth we have been able to achieve. The Palmetto facility
currently accounts for less than 10% of the overall market share,
presenting a significant opportunity to gain market share by doing what
we do best - increasing patient flow and operational efficiencies by
managing the center’s operations and establishing improved patient
outreach initiatives.”
"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.

Source: IntegraMed America, Inc.
Media/Investor:
Jaffoni & Collins
Norberto Aja,
David Collins, 212-835-8500
inmd@jcir.com