PURCHASE, N.Y. - (Business Wire) IntegraMed America, Inc. (NASDAQ: INMD), the nation’s leading manager of specialty outpatient healthcare facilities in the emerging, technology-focused medical niches of fertility and vein care, today announced that it has partnered with Springstone Financial LLC to provide IntegraMed Fertility Network patients with improved financing options to fund Attain IVF Programs and certain other fertility treatments. Financing programs will be available to IntegraMed Fertility Network patients starting later this month. Building on its deep industry expertise and unique position within the fertility markets, IntegraMed was able to recognize a need for alternative treatment financing options for both patients seeking fertility treatment and the practices that serve them, and come to market with a product that better meets the demands and needs of its network centers and patients.
Working with Springstone Financial, IntegraMed will be offering flexible installment loan financing for fertility procedures, supported by enhanced customer service, on-line capabilities, and consumer friendly terms.
Pamela Schumann, President of the Consumer Services Division of IntegraMed, commented, “This is a significant step in resolving both the challenges faced by our Consumer Services division when our principle lender exited the medical treatment financing businesses and our desire to offer an improved financing alternative. In the current economy, the ability to offer competitive and flexible patient financing has never been more important and represents a very clear competitive advantage for the IntegraMed Fertility Network.
“Selecting a consumer finance partner is a crucial decision for our Consumer Services division. We have previously worked very successfully with several of Springstone’s principals and are confident that they understand the profile and needs of fertility patients. Our decision to partner with Springstone in bringing this one-of-kind program to market was largely based on their experience as well as their commitment to find creative ways to help patients receive the care they deserve. Springstone offers generous credit lines, highly competitive rates and a wide array of finance plans, all things we wanted to have built into our offering.”
Based in Southborough, MA, Springstone is a leading provider of specialty medical financing. Its principals have over a decade of experience in helping thousands of customers significantly improve their lives by making medical procedures a possibility.
Mike Gilroy, President of Springstone, added, “We are very excited to partner with IntegraMed, the fertility industry leader. The idea they brought to the table was very compelling and allows Springstone to enter the fertility market through their network of centers performing about 25% of all IVF procedures in the US. We believe our partnership will support the continued growth of our respective businesses by providing better patient financing options and unparalleled customer service and support. Given the particularly strong credit performance they see in the fertility market, we are committed to help IntegraMed provide innovative and competitive financing options to its partners and affiliates.”
About IntegraMed America, Inc.
IntegraMed America, Inc. manages highly specialized outpatient facilities in emerging, technology-based, niche medical markets and is the leading manager of fertility centers and vein clinics in the United States. IntegraMed supports its provider networks with clinical and business information systems, marketing and sales, facilities and operations management, finance and accounting, human resources, legal, risk management and quality assurance services. IntegraMed also offers treatment-financing programs for self-pay patients.
IntegraMed’s fertility network is the nations largest fertility network, comprised of 36 contracted centers with over 100 locations in 31 states and the District of Columbia. Nearly one of every four IVF procedures in the U.S. is performed in an IntegraMed network fertility practice. The IntegraMed Vein Care network is the leading provider of varicose vein care services in the US, operating 34 centers in 13 states, principally in the Midwest and Southeast.
For more information about IntegraMed please visit:
www.integramed.com for investor background,
www.integramedfertility.com for fertility, or
www.veinclinics.com for vein care
Investors:
IntegraMed America, Inc.
John W. Hlywak, Jr., EVP and CFO
914-251-4143
jhlywak@integramed.com
or
Media/Investors:
Jaffoni & Collins Incorporated
Norberto Aja, David Collins
212-835-8500
inmd@jcir.com
