Monash Group is a leader in the field of fertility services and one of the largest providers of Assisted Reproductive Services (the most significant component of fertility services) in Australia and Malaysia.
Services are provided to patients in Australia through 12 permanent fertility clinics, six satellite clinics, six ultrasound clinics, two specialised diagnostics laboratories and one day hospital. Services are also provided from one permanent fertility clinic in Malaysia.
Monash Group provides Assisted Reproductive Services to people who are unable to conceive a child naturally, as well as ultrasound services to IVF patients and other women. Its patients largely comprise women aged 25 to 54 who are experiencing fertility issues, with the majority being between the ages of 30 and 44.
Monash Group is a leading Assisted Reproductive Services provider in Victoria, South Australia and the Northern Territory, with a strong presence in Queensland. Together, these states and territories accounted for 54% of the IVF Cycles and frozen embryo transfers that were undertaken in Australia in 2013. Monash Group also has an emerging presence in New South Wales and partly owns a clinic in the Australian Capital Territory.
Monash Group is a leading Assisted Reproductive Services provider in Malaysia and has a co-operative agreement with a hospital in China.
Monash Group is strategically positioned to capitalise on growth opportunities in Australia and internationally, particularly through leveraging competitive advantages which it believes arise as a result of operating a large fertility services business.
Monash Group’s growth strategy is centred around growing its share in existing markets, investing in best-in-class science and testing, expanding its clinic network in Australia and expanding its Asian business.
Monash Group’s operations have historically been funded through cash flow generated by operations. Past acquisitions have been funded through a combination of cash flow from operations, debt and equity.
On Completion, Monash Group will have New Banking Facilities in place of $105 million, comprising a cash advance facility and a working capital facility, with drawn debt of $96 million.