Singapore Medical Group and CHA Medical Group have acquired a 65% stake in City Fertility Centre (CFC), the Australia-based IVF clinic group.
CHA Healthcare Co. Ltd. is a subsidiary of CHA Medical Group and a leading Korea comprehensive healthcare provider.
CHA Healthcare chief executive Kyeong Wook Yoon said CHA’s “strong brand resonance and expertise in the fertility and women’s health spaces,” as well as their track record in operating large-scale hospitals and clinics abroad, “gave them a clear differentiating edge both operationally and tactically.”
City Fertility was set up in 2003, runs seven IVF clinics and has nearly 50 clinicians based in Brisbane, Melbourne, Sydney, Adelaide and the Gold Coast.
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