M&A Deal Summary

US Fertility Acquires Ovation Fertility

On April 3, 2023, US Fertility acquired healthcare services company Ovation Fertility from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is US Fertility’s 1st transaction in the Healthcare Services sector.
  • This is US Fertility’s 1st transaction in the United States.
  • This is US Fertility’s 1st transaction in California.

M&A Deal Summary

Date 2023-04-03
Target Ovation Fertility
Sector Healthcare Services
Buyer(s) US Fertility
Sellers(s) Morgan Stanley Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Ovation Fertility

Los Angeles, California, United States
Ovation Fertility is a national network of reproductive endocrinologists and scientific thought leaders focused on reducing the cost of live birth through more efficient and effective fertility care. Ovation’s IVF and genetics laboratories and affiliated practices work collaboratively to raise the bar for IVF treatment, with state-of-the-art, evidence-based fertility services that give hopeful parents the best chance for a successful pregnancy. Physicians partner with Ovation to offer their patients advanced preimplantation genetic testing. Ovation also provides donor eggs that come with the world’s first Euploid Embryo Guarantee®, as well as secure frozen egg, embryo, and sperm long-term storage; consultative services to help IVF laboratories improve quality and performance; and fertility preservation programs that enable more women to freeze their eggs and build future families. Ovation Fertility was founded in 2015 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

US Fertility

Rockville, Maryland, United States

Category Company
Founded 2020
Sector Healthcare Services
DESCRIPTION

US Fertility is a physician practice management company providing business support services of top-tier fertility programs across the United States. The affiliated clinical practices represent the leading fertility programs in their respective markets, united under a shared mission to drive innovation and leverage best practices to enhance both the patient experience and treatment outcomes. US Fertility was founded in 2020 and is based in Rockville, Maryland.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 27 of 30
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 14
State: California M&A 6 of 6
Country: United States M&A 22 of 25
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Apex

Rockville, Maryland, United States

Apex is a multi-disciplinary environmental services firm with 28 branches located throughout the Eastern and Central United States. The company provides a broad platform of environmental services, including stormwater system design, engineering, and maintenance; ports, harbors, and water system design and engineering; environmental remediation; industrial hygiene services; and general site assessment, regulatory compliance, and environmental consulting work. Apex was formed in 1988 and is headquartered in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 RowCal

Champlin, Minnesota, United States

RowCal is an HOA property management service provider, offering a comprehensive solution to better manage and maintain HOAs across the MN, CO, and TX markets. RowCal was founded in 2018 and is based in Champlin, Minnesota.

Buy -