INVO Bioscience acquires Wisconsin Fertility Institute for $10M; clinic had $5.7M revenue in 2021

INVO Fertility, Inc.

Total purchase price $10M, payable in four annual $2.5M installments.
Sellers can elect to receive INVO common stock at $6.25, $9.09, $14.29 for installments 2-4.
Clinic revenue $5.7M (2021), $4.5M (2020); net income $2.3M and $1.3M respectively.
Acquisition includes WFRSA medical practice and FLOW lab services; expected close Q2 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INVO Fertility, Inc. entered into Asset Purchase Agreement with WFRSA and The Elizabeth Pritts Revocable Living Trust (effective 2023-03-16).

Action: entry
Agreement: asset purchase
Counterparty: WFRSA and The Elizabeth Pritts Revocable Living Trust
Effective: 2023-03-16

Exact text from the filing

On March 16, 2023, Buyer entered into an Asset Purchase Agreement (the “APA”) with WFRSA and The Elizabeth Pritts Revocable Living Trust (the “Seller,” together with the WFRSA, the “Seller Parties”) pursuant to which Buyer agreed to acquire the Purchased Assets (as defined in the APA) related to WFRSA’s business.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INVO Fertility, Inc. entered into Membership Interest Purchase Agreement with FLOW, IVF Science, LLC, owned by Wael Megid, Ph.D., and Dr. Elizabeth Pritts as trustee for the Elizabeth Pritts Revocable List Trust (effective 2023-03-16).

Action: entry
Agreement: equity purchase
Counterparty: FLOW, IVF Science, LLC, owned by Wael Megid, Ph.D., and Dr. Elizabeth Pritts as trustee for the Elizabeth Pritts Revocable List Trust
Effective: 2023-03-16

Exact text from the filing

On March 16, 2023, Buyer entered into a Membership Interest Purchase Agreement (the “MIPA”) with FLOW, IVF Science, LLC, a Wisconsin limited liability company (“IVF Science”), owned by Wael Megid, Ph.D. (“Dr. Megid”), and Dr. Elizabeth Pritts as trustee for the Elizabeth Pritts Revocable List Trust, a Trust created under the laws of the State of Wisconsin (each, a “Selling Member” and collectively, the “Selling Members”).

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249 material agreements filed in the last 30 days. Browse all material agreements →

INVO Fertility, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-008217

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