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Singapore-Korea consortium buys stake in Australian fertility clinic

Reuters Published on Thu, Feb 01, 2018 / 9:31 AM GMT+8

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(Feb 1): Singapore Medical Group and South Korea's CHA Healthcare Co have together bought a majority stake in Australia's fourth-largest fertility clinic operator, City Fertility Centre.

Neither party disclosed a price in statements issued late on Wednesday and early on Thursday.

Falling fertility rates across the region is spurring growth and deal-making in the in-vitro fertilisation (IVF) industry. "A growing number of delayed pregnancies among women (and) rising awareness pertaining to infertility ... are driving aggressive growth in the global IVF market," Singapore Medical Group Executive Director Beng Teck Liang said in the statement sent to the Singapore Securities Exchange.

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Singapore-Korea consortium buys stake in Australian fertility clinic