Monash IVF doctor to leave, affect FY19 NPAT

Company News

by Jessica Amir

Monash IVF Group Limited (ASX:MVF) says one of its doctors, Doctor Lynn Burmeister will leave the practice.

The assisted reproductive technology company says as a result, its FY19 NPAT could decline by up to high single digits. But, that might be offset by other market opportunities. Meantime, this and next year’s financial results are not set to be affected.

Monash IVF and Dr Burmeister’s are discussing the terms of her leaving, but at this stage her notice expires on 11 September 2017.

The company says it has over 100 doctors across its clinics.

Shares in Monash IVF Group Limited (ASX:MVF) are trading 5.19 per cent lower to $1.73.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?