Newport Beach-based Eden Fertility Management, which specializes in in vitro fertilization, is expanding rapidly.
Chief Executive T.J. McGinley said that Eden plans to open an additional two Los Angeles facility locations under Eden’s umbrella very soon.
The company, which has been in operations about a year, in September acquired San Diego-based La Jolla IVF.
McGinley said that the expansion would “improve the ability of San Diego patients to access fertility care.”
Eden now has about 48 employees.
In August, it held a grand opening for its Birch Street office, which is home to its surgical center and IVF lab. It also has an OC location in Fullerton that opened in July and is primarily used for consultations. McGinley declined to disclose the investors or how much the company has raised.
IVF Activity
Eden’s headquarters is located at the Newport Heights Medical Campus where the 2-year-old 19,000-square-foot multi-tenant building recently sold for $840 per square foot—a pretty penny for a prime location in Newport’s back bay, just behind the golf course on Birch Street.
The IVF lab is just getting started. The new Newport Beach facility, which has 30 employees, can handle 5,000 IVF cycles a year. It also provides surrogate mothers. The clients’ ages range from 27 to 42. About 10% to 20% of its patients may be same sex.
The embryo that is implanted is shown beforehand to family members on a silver platter.
“It’s a very special moment” and all members of the family are encouraged by Eden to participate, Chief Operating Officer Michael Ruszcynski said.
The global IVF market is expected to reach $32 billion by 2026. Eden charges about $12,500 per IVF treatment, within the industry average of $10,000 to $15,000.
McGinley holds an undergraduate degree in economics and an advanced degree in healthcare management from Yale University. Prior to joining Eden, McGinley served as CEO for two of the country’s largest fertility practices and he was president of Hospital Developers and vice president of Cirrus Health.
