Partnership creates unique, diversified platform focused on enhancing women’s healthcare
Unified Women’s Healthcare (“Unified”), a leading practice management platform in women’s healthcare backed by Altas Partners (“Altas”), funds managed by the Private Equity Group of Ares Management Corporation (“Ares”) and Oak HC/FT, today announced that it has entered into a definitive agreement to partner with CCRM Fertility (“CCRM”), a global pioneer in fertility treatment, research and science. As part of the transaction, CCRM founder Dr. William Schoolcraft will remain Medical Director and Jon Pardew will remain president and CEO. In addition, TA Associates, which has been a strategic investor in CCRM since 2015, will exit its stake in the company. Financial terms were not disclosed.
CCRM has established a network of leading fertility clinics that offer patients high-quality care and access to award-winning physicians, a full suite of services, innovative technology and cutting-edge labs. Founded in 1987 by Dr. Schoolcraft, CCRM leverages proprietary data and a dedicated team of in-house reproductive endocrinologists, embryologists and geneticists to deliver industry-leading outcomes. CCRM has 11 in vitro fertilization (IVF) labs and 26 locations in North America supported by more than 40 physicians, 22 PhDs and 560 employees. The CCRM network offers exceptional convenience through a wide variety of treatments from basic infertility care to advanced IVF.
“The addition of CCRM’s clinically integrated fertility services platform marks the beginning of an exciting new chapter for Unified,” said Bob LaGalia, president and CEO of Unified. “CCRM has become the gold standard in fertility care and treatment through its collaboration with expert physicians and investment in research and development. Since its inception, CCRM has pioneered significant research breakthroughs in IVF and driven industry-leading success rates, helping meet the growing need for fertility services. We look forward to collaborating with CCRM to serve even more physicians and patients across the spectrum of women’s healthcare.”
“We’re thrilled to join forces with Unified, a company that has fundamentally transformed women’s healthcare and shares our deep commitment to helping physicians deliver best-in-class patient care,” said Dr. William Schoolcraft, founder and medical director of CCRM. “As part of Unified’s diversified healthcare platform, we’ll advance our mission to provide innovative solutions and treatments that help build families. We look forward to working alongside the exceptional team at Unified as we continue to deliver the highest level of patient care.”
The partnership, which is expected to close in July, is subject to regulatory approvals and other customary closing conditions.