Sagard Capital Partners and IntegraMed America, a developer of specialty healthcare facilities in the fertility and vein care markets, today announced the completion of Sagard Capital’s acquisition of IntegraMed for $14.05 per share in cash, representing a total equity purchase price of approximately $169.5 million.
IntegraMed develops, markets and manages specialty outpatient healthcare facilities, with a current focus on the fertility market through Attain Fertility Centers and the vein care markets through Vein Clinics of America.
- Attain Fertility Centers is the nation’s largest fertility center network, with 15 company-managed partner centers and 20 affiliate centers, comprising over 130 locations across 34 states and the District of Columbia. Nearly one of every four IVF procedures in the U.S. is performed in an Attain Fertility Centers network practice (www.attainfertility.com).
- Vein Clinics of America is the leading provider of specialty vein care services in the U.S. The IntegraMed Vein Clinic network operates 50 centers across 14 states, principally in the Midwest and Southeast (www.veinclinics.com).
IntegraMed supports its provider networks with clinical and business information systems, marketing and sales, facilities and operations management, finance and accounting, human resources, legal, risk management, quality assurance, and fertility treatment financing programs. IntegraMed is based in Purchase, NY (www.integramed.com).
“We are thrilled to partner with IntegraMed and its impressive team of medical, clinical and administrative personnel. Over the past 25 years, they have built an enviable reputation for providing the highest levels of service to health care facilities that allow for superior patient care, treatment innovation and treatment financing solutions,” said Dan Friedberg, Managing Partner of Sagard Capital. “We see a significant opportunity to extend the reach of IntegraMed’s business, bringing its medical specialties to a growing base of patients across the U.S. We look forward to working with the IntegraMed team to support them in building upon their industry leading position and in achieving continued success.”
Jefferies & Company served as financial advisor and Dorsey & Whitney served as legal advisor to
Sagard Private Equity Partners provides equity capital to acquire and support the development of midsized companies. The firm has €1.5 billion in capital under management. Sagard Private Equity Partners was founded in 2004 and is headquartered in Paris, France (www.sagard.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-21-12