Oct 13 (Reuters) - Australian Competition & Consumer...

Oct 13 (Reuters) - Australian Competition & Consumer Commission:

• FILED PROCEEDINGS IN COURT SEEKING INJUNCTION TO STOP COMPLETION OF VIRTUS HEALTH'S ACQUISITION OF ADORA FERTILITY FROM HEALIUS
• MERGER PARTIES NOTIFIED ACCC THAT PROPOSED TRANSACTION TO COMPLETE THIS ON OCT 15, EVEN THOUGH ACCC'S REVIEW WILL NOT HAVE BEEN COMPLETED
• ACQUISITION WOULD INCREASE VIRTUS' ALREADY SIGNIFICANT MARKET SHARE IN BRISBANE AND MELBOURNE
• STRONG INDICATIONS THAT ADORA HAS "BEEN VIGOROUS COMPETITOR, DRIVING DOWN PRICES FOR IVF SERVICES THROUGH A LOW-COST MODEL"

Source text https://www.accc.gov.au/media-release/accc-seeks-urgent-injunction-to-halt-virtus-acquiring-adora-fertility-clinics

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