Business
INVO Congratulates Wisconsin Fertility Institute on Being Named One of America's Best Fertility Clinics by Newsweek
INVO recently announced the signing of binding agreements to acquire this top-rated clinic SARASOTA, Fla. and MADISON, Wis., April 5, 2023 /PRNewswire/ --
About this update from Invo Fertility, Inc.
[{"type":"text","content":"INVO recently announced the signing of binding agreements to acquire this top-rated clinic\nSARASOTA, Fla. and MADISON, Wis., April 5, 2023 /PRNewswire/ -- INVO Bioscience, Inc. (Nasdaq: INVO) (\"INVO\" or the \"Company\"), a commercial-stage fertility company focused on expanding access to advanced infertility treatment worldwide with its INVOcell® medical device and the intravaginal culture (\"IVC\") procedure it enables, congratulates Wisconsin Fertility Institute on being named one of America's Best Fertility Clinics by Newsweek. \n\n \n \n \n \n \n \n\n \nDuring the survey period from November to December 2022, Newsweek and Statista invited over 3,000 reproductive endocrinologists, infertility specialists, obstetricians/gynecologists working in and referring patients to fertility clinics, other medical professionals (e.g., registered nurses, laboratory assistants) and fertility clinic administrators/managers working in fertility clinics to participate in the survey. Participants were asked to assess the quality in five categories for each recommended facility and to assign a ranking position to a set of fertility clinics. Only facilities defined as fertility clinics and ART (\"Advanced Reproductive Technology\") providers by the Centers for Disease Control and Prevention (CDC) were considered. Click here for a full listing and methodology for inclusion.\nOn March 20, 2023, INVO announced it had signed definitive agreements to acquire Wisconsin Fertility Institute with final closing of the transactions expected to occur in the second calendar quarter of 2023, subject to completing customary closing procedures. The Madison, Wisconsin-based fertility center primarily offers conventional in vitro fertilization (\"IVF\") procedures and generated approximately $5.5 million in revenue and net income of approximately $1.9 million for the trailing 12-month period ended September 30, 2022.\nWisconsin Fertility Institute is one of Wisconsin's preeminent fertility centers, having helped to welcome over 5,000 babies since opening its doors in 2007 and with approximately 550 conventional IVF procedures completed in 2022. Since its opening, Wisconsin Fertility Institute has been led by internationally renowned and well-respected fertility expert, Dr. Elizabeth Pritts.\n\"A huge congratulations to Dr. Pritts and the team at Wisconsin Ferti...