Quebec's New Fertility Funding A Bonus
In late June, Quebec passed a bill that will see the province pay for up to three cycles of in vitro fertilization, or IVF, treatments for infertile couples.
The government is still working out the details of the new program, but Jean-Marc Lachance, chief financial officer of Opmedic Group Inc. (OMG.T), told Dow Jones that he expects the new program to bring a whole new segment of clients into the company's private fertility clinics.
Opmedic provides fertility and genetic services, sperm banking services, and surgical services at its five private clinics in Quebec.
"One round of fertility treatment with all the associated drugs costs approximately C$10,000, with most women receiving at least two rounds of treatment," Lachance said.
He said the new program should help the company grow by making fertility treatments accessible to families that can't afford the services, even with the existing 50% tax credit Quebec already has in place for some fertility treatments.
Read more: http://online.wsj.com/article/BT-CO-20090717-711156.html
The government is still working out the details of the new program, but Jean-Marc Lachance, chief financial officer of Opmedic Group Inc. (OMG.T), told Dow Jones that he expects the new program to bring a whole new segment of clients into the company's private fertility clinics.
Opmedic provides fertility and genetic services, sperm banking services, and surgical services at its five private clinics in Quebec.
"One round of fertility treatment with all the associated drugs costs approximately C$10,000, with most women receiving at least two rounds of treatment," Lachance said.
He said the new program should help the company grow by making fertility treatments accessible to families that can't afford the services, even with the existing 50% tax credit Quebec already has in place for some fertility treatments.
Read more: http://online.wsj.com/article/BT-CO-20090717-711156.html
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Category: Fertility, Fertility clinic, infertility, IVF, Male Fertility, sperm
That's great. I'd love to see it extend to the rest of Canada.
Dirk