Fighting IF
A Mount Pleasant company responsible for the first birth in South Carolina using in-vitro fertilization, or IVF, has partnered with a New York-based specialty management company that helps run a network of more than 100 fertility centers nationwide.
Southeastern Fertility Center, which achieved the state's first IVF pregnancy 24 years ago, has joined with Purchase, N.Y.-based IntegraMed America Inc. in a 25-year deal.
Under the terms of the agreement, IntegraMed bought the assets of Southeastern and will provide a variety of services, including marketing, treatment programs for women who wish to get pregnant, and a sophisticated electronic medical records system.
In turn, IntegraMed will be reimbursed for the cost of its services and will receive a fixed percentage of the center's revenue and a fixed amount of its earnings. Financial terms were not disclosed.
The deal was effective April 24.
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