Media Centre

Find out more about the latest news at Virtus Health, including medical breakthroughs in fertility and growth within our group.

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Virtus Acquires IDS Pathology Laboratory, Sydney

Sydney, Australia – Virtus Health (“Virtus”, ASX:VRT), Australia’s largest fertility services provider, has agreed terms to acquire the business and certain assets of Independent Diagnostic Services (IDS), a general category pathology laboratory based in Sydney, Australia, as part of its strategy to expand and strengthen its diagnostics services. Completion of the acquisition is expected to take place during September 2015 subject to regulatory approval.

Virtus Health Full Year Financial Results FY2015

Pro-forma net profit after tax (NPAT) grew 17.2% on the previous year to $32 million, from $27.3 million; pro-forma revenue rose 6.7% on the previous year to $199.9 million, from $187.3 million. Actual (or statutory) revenue from ordinary activities increased 7.9% to $201.2 million from $186.6 million while statutory net profit attributable to the owners of Virtus Health Limited tripled to $30.9million, from $10.1 million.

The first Australians to use Karyomapping genetic testing to avoid passing on life threatening conditions – deliver healthy babies

In an Australian first, two families have delivered healthy babies on the same day (one in Melbourne, the other Sydney) conceived using karyomapping, a new pre-implantation genetic test based on the use of DNA fingerprinting to identify defective genes.

Virtus Grows Revenue and Australian Market Share Despite Weak Local Market Conditions

Highlights

  • Revenue increased by 12.9% to $114.5 million
  • EBITDA increased by 2.6% to $32.8 million
  • Australian segment EBITDA increased by 2.2% to $36.8 million
  • Increased Australian

Virtus Health Subsidiary Sims Clinic Completes Acquisition of Second Irish Fertility Clinic for €6 Million

Sydney, Australia – Further to the announcement to ASX made on 24 December 2014, Virtus Health (“Virtus”, ASX: VRT), Australia’s largest IVF provider, announces that its 70% owned subsidiary, Sims IVF Clinic, Ireland’s largest IVF provider, has completed the acquisition of Irish fertility centre, the HARI clinic from the Rotunda Hospital in Dublin for €6 million.