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Virtus Health acquires Adora Fertility, 3 day hospitals from Healius Limited
Virtus Health Limited has acquired Adora Fertility and three day hospitals from Healius Limited valued at $45 million with assistance from Gilchrist Connell.
Naomi Neilson
Firm: Gilchrist Connell (Virtus Health Limited)
Value: $45 million.
Area: M&A, health.
Key players: The team was led by head of corporate Gaurav de Fontgalland and special counsel Malcolm Wood with input from cyber and technology principal Nitesh Patel and employment and workplace principal Sarah Wood.
The team included associates Nadine John and Carolyn Ledinh, senior associate Adriana Reina, lawyers Linda Zeng and Aayush Jain and law graduate Lilla Zayzon.
Deal significance: Adora Fertility operates IVF and fertility clinics and laboratories in NSW, Victoria, Queensland and Western Australia that complement existing Virtus’ clinics. The Adora clinics have a track record of achieving growth and “will add meaningful value to the Virtus Health network”.
Commenting on the deal, Mr de Fontgalland said: “The corporate team at Gilchrist Connell is proud to have leveraged its deep expertise in M&A to advise Virtus Health in the pursuit of the acquisition and is grateful for the essential input from the firm’s specialist cyber and technology and the employment and workplace teams.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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