Virtus Health buys fertility clinic in Denmark

Company News

by Rachael Jones

Australia’s largest assisted reproductive services provider Virtus Health (ASX:VRT) has bought Trianglen Fertility Clinic in Copenhagen Denmark for $43.0 million.

This acquisition extends Virtus Heath’s market share to approximately 15 per cent of the Danish market.

Virtus acquires Trianglen on a cash free debt free basis at acquisition of 8.1 times forecast normalised EBITDA for the financial year ending 30 June 2018.

Virtus are the largest network and provider of fertility services in Australia and Ireland, with a growing presence in Singapore, UK and Denmark.

Shares in Virtus Health (ASX:VRT) closed down 1.25 per cent to $5.53 yesterday
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.