Virtus subsidiary acquires Irish clinic

Company News

Virtus Health Limited (ASX:VRT) subsidiary, Sims Clinic, is set to acquire an Irish fertility centre, the HARI centre, for €6 million.
 
Australia’s largest IVF providor says the transaction will be funded from cash and exisitng bank facilities and comes after Virtus acquired 70 per cent of Sims Clinic in May this year.
 
The transaction is forecast to be slightly earnings accretive in FY15.
 
CEO Sue Channon says the company looks forward to working with the team to contine to build on the reputation for high quality training, patient care and outcomes. 
 
Virtus Health reported a net profit of $30.95 million in the 2014 financial year.