Monash IVF Group Limited (ASX : MVF) agreed to acquire ART Associates Queensland #2 Pty Ltd for AUD 3.9 million on July 1, 2022. Monash IVF is acquiring ART Associates Queensland for initial cash consideration of AUD 3.9 million, with the potential of additional earn out payments over a five to seven year period from completion. The acquisition is expected to be funded through Monash IVF's existing debt facilities. ART Associates Queensland includes six fertility specialists, who will join the Monash IVF clinician network. The transaction is expected to complete in September 2022. The ART Associates Queensland acquisition is anticipated to increase Monash IVF Group earnings per share (EPS) in FY2024 by approximately 5% to 10% subject to successful patient transition to Monash IVF.

Monash IVF Group Limited (ASX:MVF) completed the acquisition of ART Associates Queensland #2 Pty Ltd on September 30, 2022.