In a vote of confidence in the growing fertility market, three of Australia's major IVF groups have merged to create the second-largest IVF company in the world. Melbourne IVF, the Queensland Fertility Group and New South Wales-based Australia IVF have merged under the umbrella of IVF Holdings, which is owned by Quadrant Private Equity. Doctors in all three states own major stakes in the parent company. Quadrant appears to be interested in further growth. It is searching for similar businesses and says that IVF Holdings is realising integration benefits by acquiring and expanding organically as well as through "selective opportunities". ~ Herald Sun, Jan 18