Santa Monica Fertility, a portfolio company of Webster Equity Partners, has acquired Dallas-based Newborn Advantage Surrogacy, a surrogacy agency. No financial terms were disclosed.
PRESS RELEASE
Santa Monica, CA (August 10, 2020) – Santa Monica Fertility (“SMF”), a portfolio company of Webster Equity Partners, is pleased to announce its acquisition of Newborn Advantage Surrogacy (“NAS” or the “Company”), a surrogacy agency based in Dallas, TX with the mission of providing intended parents the best surrogates.
SMF Founder and CEO, Dr. John Jain, said, “We are thrilled to partner with Newborn Advantage Surrogacy to continue to grow Santa Monica Fertility’s surrogacy business. The NAS team has many years of experience in managing surrogacy cases and we are enthusiastic about working together and sharing our knowledge and sets of relationships.”
“We chose to merge with Santa Monica Fertility so that we can continue to expand on our ability to grow families. SMF’s quality of care and standards are the highest in the industry, making this merger a seamless and natural fit,” stated Mindy Berkson, Founder of NAS.
“The combination of Santa Monica Fertility and Newborn Advantage Surrogacy, as it allows for both companies to expand upon their abilities to provide care for those hoping to start a family” said Mehran Ahmed, Principal at Webster Equity Partners. “We are excited to partner with Mindy and the NAS team to help more intended parents with surrogacy in the coming years.”
About Santa Monica Fertility
Santa Monica Fertility is a leading provider of vertically integrated reproductive services offering egg donation, surrogacy and IVF, through a vertically integrated model. The Company is one of the leading fertility clinics for successful live births from egg donation. Dr. John Jain founded the Company in 2007 and has grown the Company to include three doctors, including two full-time and one part-time. Santa Monica Fertility’s consumer/patient driven model is based on its ability to serve as the central point for patients’ fertility needs with access to high quality egg donors, a selection of medically and psychologically prescreened surrogates, as well as comprehensive advanced fertility services and holistic care.
About Newborn Advantage Surrogacy
Founded in 2005, Newborn Advantage Surrogacy is a surrogacy agency headquartered in Dallas, TX with three dedicated employees and additional offices in Los Angeles and Atlanta. The Company serves as a trusted advisor to intended parents and surrogates globally helping all participants navigate the surrogate journey successfully. The business is led by Mindy Berkson who has a finance and venture capital background and has spent over 20 years working in the surrogacy industry. The company has over 15 years of operating history as a gestational surrogacy agency with over 800 successful newborns to date.
About Webster Equity Partners
Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies based on delivering the highest quality care and exceptional service. Webster is currently investing out of its fourth fund with $875 million of committed capital. For additional information on Webster Equity Partners, please visit www.websterequitypartners.com.
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