AHH-owned Nova IVF Fertility, a fertility chains across India has acquired WINGS IVF, a regional IVF chains in the country based out of Ahmedabad and founded by Jayesh Amin, amongst the most respected IVF specialists in the country.
WINGS IVF has 6 centres with dominating presence in Gujarat. With this acquisition, Nova IVF Fertility will expand its footprint to 68 centres in 44 cities aiming to be the leading provider of IVF services across South Asia. Nova IVF Fertility has grown exponentially since its investment by Asia Healthcare Holdings in 2019 to become one of the largest and fastest-growing IVF chains in the region.
WINGS IVF was launched in 2014 and since then has established its centres in Gujarat, Rajasthan, Bihar, and Delhi. The enterprise specialises in treating couples with recurrent implantation failures and has achieved 20,000+ live births through IVF pregnancies.
Commenting on the partnership, Shobhit Agarwal, CEO, of Nova IVF Fertility said, “The ethos of WINGS IVF and Nova IVF Fertility is deeply embedded in clinical science and providing international standards fertility treatments. Both the organisations have an inherent DNA for enabling couples to achieve pregnancies through the self-cycle technique. With the launch of the ART Act this focus has only increased and today 90 per cent of our IVF cycles are through self-cycles. We are delighted to welcome WINGS IVF to the Nova IVF Fertility family.
Nova IVF Fertility claims that it has achieved over 55,000 pregnancies across 1,10,000 couples performing close to 15,000 cycles each year. The company has added 43 centres in the last three years.
As per data from Venture Intelligence, since 2018, the fertility sector has already attracted USD 318 million in investments from leading private equity (PE) and Venture Capitalists (VCs). India’s IVF services market was valued at USD 750 million in 2020 and is poised to grow to USD 3.7 billion by 2030.
Categories: Acquisition
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