11 June 2014
We advised Virtus Health on its acquisition of a 70% interest in Ireland’s largest IVF provider, SIMS IVF, for €15.49 million.
Virtus Health is an Australian stock exchange listed healthcare provider and is the largest network and provider of fertility services in Australia. Sims Clinic have developed a state of the art clinic in Clonskeagh, Dublin and it has grown to become Ireland's leading provider of IVF services.
Our cross-departmental team was led by Corporate partner Gavin O'Flaherty and included our long-standing healthcare, regulatory, commercial law and employment law expertise to support this cutting-edge transaction.
Virtus’ CEO Sue Channon said, “Ireland is an attractive market for Virtus, with a number of operational and regulatory similarities with Australia, including a legislative framework for Assisted Reproductive Services.
“This partnership brings together two of the world’s leading IVF providers to deliver specialist fertility care to those seeking to have a child. We are excited to welcome the dedicated, leading fertility specialists and staff of SIMS IVF to the Virtus family.”
Gavin O'Flaherty said, “The ability of our cross-departmental team to assist Sue, Glenn and the Virtus Health team on this very exciting development in Virtus’ international growth again demonstrates our ability to support M&A transactions for large international players and also further demonstrates our expertise in the nascent healthcare M&A sector in Ireland.”