Case Study

Overview

• Cascadia acted as the exclusive financial advisor to Utah Fertility (UFC), Nevada Center for Reproductive Medicine (“NCRM”), and Nevada Fertility Center (“NFC”) in partnership with market-leading fertility services platform, Ivy Fertility (Ivy)
• In addition to the flagship clinic and surgery center in Pleasant Grove, UFC, founded by Dr. Russell Foulk, has clinics in Murray, Ogden, Park City, and St. George, Utah; does business as Idaho Fertility Center in Idaho Falls, Idaho; and operates a leading donor egg registry OriGyn and gamete cryopreservation unit CryoVault
• NCRM and NFC operate clinics in Reno and Las Vegas, Nevada, respectively

Situation

• The partnership with Ivy Fertility adds a robust back-office operation to a talented and entrepreneurial group of providers at UFC, NCRM, and NFC
• UFC’s advanced capabilities in donor egg registration and gamete cryopreservation aided as a key market differentiator, attracting competitive EBITDA multiples

Cascadia Process

• The Cascadia team organized multiple separately managed practices and entities, the sellers’ service providers, and the buyer’s diligence vendors to run an effective, efficient process
• Cascadia’s expertise in healthcare services and the fertility market, ability to organize diligence for multiple separately managed practices, and expertise in billing systems and quality of earnings proved to be invaluable to facilitating this successful partnership