Finance minister’s firm leader on Czech assisted reproduction market

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.