Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion

Industry sources estimation the woody worth to beryllium beneath ₹100 crore. The transaction was financed done interior accruals.

This determination marks the Birla Fertility's introduction into confederate India. According to the management, this acquisition positions the steadfast to go 1 of the apical 3 IVF networks successful the country.

Birla Fertility volition integrate ARMC’s 7 centres located crossed Kerala, Karnataka, and Tamil Nadu.

“With the inclusion of ARMC’s 7 clinics, we grow our web to 37 centres, further solidifying our presence," Avanti Birla, founder, Birla Fertility & IVF, CK Birla Healthcare, told Mint.

This acquisition aligns with Birla Fertility’s ambition to grow its footprint to 100 clinics by fiscal twelvemonth 2027-28 (FY28), with an concern exceeding ₹500 crore. The institution plans to execute this maturation done a premix of integrated expansion, inorganic growth, and partnerships.

Currently, the institution operates 30 centres crossed 27 cities successful 15 states. Post-acquisition, this volition summation to 37 centres successful 31 cities. 

India is location to implicit 28 cardinal couples facing fertility challenges, yet little than 1% question assistance. The IVF segment's maturation volition beryllium driven by accrued consciousness and improved entree to top-tier attraction nationwide, the institution said.

Akshat Seth, vice president of CK Birla Healthcare, said that the institution volition proceed to grow and consolidate its presumption successful confederate India, aiming to unfastened 15-20 much centres successful the portion implicit the adjacent 3 to 4 years. "Furthermore, we volition beryllium capable to grow our footprint to much than 50 centres by FY25."

ARMC IVF, founded successful 2009 by fertility adept K.U. Kunjimoideen, with its squad of implicit 120 personnel, including doctors, volition proceed to oversee operations astatine these centres successful collaboration with Birla Fertility & IVF nether a co-branded approach.

In conscionable implicit 3 years, Birla Fertility & IVF has established itself arsenic 1 of India’s fastest-growing fertility attraction brands, achieving tenfold maturation annually.

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Published: 08 May 2024, 03:03 PM IST