IntegraMed America, Inc. (NASDAQ: INMD), the nation's leading provider of specialty healthcare services in emerging, technology-focused niche segments, today announced that Reproductive Associates of Delaware in Newark, DE has joined its network of fertility centers. This is the fourth fertility Affiliate to join the IntegraMed network in 2008.
As an Affiliate, Reproductive Associates of Delaware will receive distribution rights to IntegraMed's consumer products and services, and will have the right to receive other products and services specifically designed to support the business needs of successful, high-growth fertility centers.
Among the services Affiliates may access is the IntegraMed® Shared Risk® Refund Program. This program enables patients to increase their chance of success at In-Vitro Fertilization by pre-paying for multiple cycles at a discounted rate, allowing them to stay in treatment longer and improve the opportunity to take home a baby.
Based out of Christiana Care Medical Center in Newark, Delaware and with offices in North Wilmington and Dover, Reproductive Associates of Delaware offers a full spectrum of fertility care and develops custom treatment plans for each patient. Their state-of-the-art facility features environmentally controlled procedure rooms and certified laboratories, all within a safe, nurturing atmosphere where patients can feel at home.
The medical team is led by Barbara A. McGuirk, MD and Ronald F. Feinberg MD, PhD, both Board certified subspecialists in reproductive endocrinology and infertility and attending physicians at the Christiana Care Health System. In addition, Dr. McGuirk is Medical Director of Reproductive Surgery at the practice, and is a recognized national expert in minimally invasive outpatient laparoscopic surgery for infertility, endometriosis, fibroids, and tubal reversal. Dr. Feinberg is Medical Director of the In Vitro Fertilization Program and is the author of Healing Syndrome O: A Strategic Guide to Fertility, Polycystic Ovaries, and Insulin Imbalance.
Other key members of the medical and scientific team include George Kovalevsky, M.D., Medical Director of Academic Affairs, Adrienne B. Neithardt, M.D. who is newly appointed Medical Director of Donor and Third Party Services, Michael Tucker, Ph.D. who since 1999 has served as IVF Scientific Director, and Marc Portmann, Senior Embryologist and Director of Operations for the Center.
"We are excited at the prospect of joining the IntegraMed team and being able to leverage the advantages of network affiliation," said Dr. McGuirk. "In addition, the Shared Risk Refund Program will be of great help to us, as it will allow us to offer a very appealing financial option to our patients, one that helps them limit the amount of money at stake for a comprehensive treatment plan."
"Our agreement with the Reproductive Associates of Delaware is yet another step toward our goal of broadening our services' penetration across the East Coast. We are very proud to welcome them to our fertility affiliate network," said Pamela Schumann, President of the Consumer Services Division of IntegraMed. "It is gratifying to see a growing base of partners who recognize the tremendous added value we bring to their clinics and their patients. Our agreement with Reproductive Associates of Delaware illustrates our ability to offer proven and cost effective practice-building programs that benefit both practitioners and patients."
About IntegraMed America, Inc.
IntegraMed America, Inc. is a leading provider of specialty health care services in emerging, technology-driven, niche segments of the health care market. The Company currently operates in the fertility and varicose vein care segments. IntegraMed supports its provider networks with clinical and business information systems, marketing and sales, facilities and operations management, finance and accounting, human resources, legal services, risk management and quality assurance. IntegraMed also offers treatment-financing programs for self-pay patients. Please visit www.integramed.com for more information.
The IntegraMed Fertility network consists of 33 contracted centers in 105 locations across the United States, including 181 physicians and Ph.D. scientists. Nearly one of every four IVF procedures in the U.S. is performed in an IntegraMed fertility practice. The IntegraMed Vein Clinic network is the leading provider of varicose vein care services in the US and operates 31 centers in 11 states, principally in the Midwest and Southeast. Please visit www.veinclinics.com for more information.
Statements contained in this press release that are not based on historical fact, including statements concerning future results, performance, expectations and expansion of IntegraMed are forward-looking statements that may involve a number of risks and uncertainties. Actual results may differ materially from the statements made as a result of various factors, including, but not limited to, the risks associated with IntegraMed's ability to finance future growth; changes in insurance coverage, government laws and regulations regarding health care or managed care contracting; and other risks, including those identified in the company's most recent Form 10-K and in other documents filed by IntegraMed with the U.S. Securities and Exchange Commission. All information in this press release is as of September 17, 2008 and IntegraMed undertakes no duty to update this information.
