The Prague-based firm FutureLife, owned by Czech Finance Minister Andrej Babiš, has become the leader on the country’s assisted reproduction market following its acquisition of the Iscare clinic, the news website ihned.cz reported on Wednesday. The value of the transaction has not been disclosed but it is said to have reached hundreds of millions of crowns. In May, FutureLife acquired another two clinics specializing in reproductive medicine, Brno’s Reprofit International and the Prague-based GynCenter. The latest transaction is yet to be reviewed by the Czech anti-monopoly agency; if approved, Mr Babiš’s firm will control some 20 percent of the market with annual revenues of around 600 million crowns.
My Prague – Rob Cameron
Agencies abuse Czech visa system in Ukraine to fuel booming illegal business
Hockey legend Jaromír Jágr turns 45
Marie Iljašenko: a European poet
New documentary celebrates Czechoslovak war hero, RAF pilot Emil Boček
Jan Antonín Baťa always said he put his people first, says granddaughter Dolores Bata Arambasic
Academic Michael Smith: Czech govt. is supporting education of well-off through “free” universities