Wednesday 14 May 2008

Daily Mail - Fertility doctor makes staggering £8million in ONE YEAR off couples desperate for a baby

A fertility doctor made £8million in one year, it has emerged.
Mohammed Taranissi's private London-based IVF practice has quadrupled its profits in six years, according to its accounts.
His company made a pre-tax profit of almost £8million - based on charging £2,500 for a basic IVF treatment - and had £ 20million in the bank.
Other clinics making millions include that of Harley Street fertility pioneer Professor Ian Craft, with £5million a year and almost £850,000 in the bank.
The profits, revealed in an investigation by the London Evening Standard, highlight the growth in demand from childless couples.
An estimated one in six couples experiences problems conceiving.
On average, an IVF cycle from a private clinic costs £3,500 with hormone drugs costing an extra £2,000.
But patients typically need two or three attempts to fall pregnant.
Mr Taranissi's profits are based on his work at the Assisted Reproduction and Gynaecology Centre.
According to accounts for the year to August 2006, he has paid himself £2million in a year as director of the practice.
Treatments on offer include egg freezing for £2,000, donor sperm at £110 a sample and surgical sperm retrieval for £1,250. The initial IVF consultation alone costs £150.
This year the Human Fertilisation and Embryology Authority warned clinics to outline their rates from the start amid fears patients are unaware of the potential bill.
A spokesman said: "It is like a taxi fare meter. It is rising but you do not know what it will cost at the end of the journey."

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