Monash IVF sold to Dutch bank (continued coverage… )
(cz) Victorian families will have easier access to IVF after a major overseas bank bought control of Monash IVF.
Monash University sold its controlling share of the infertility clinics to Dutch global investment bank ABN AMRO.
The sale could also see the service, which is subsidised by the Federal Government under Medicare, publicly floated on the stock exchange.
The stake is believed to have cost the bank $200 million.
The deal, which was brokered over several weeks, was coincidentally sealed on the day the Brumby Government announced plans to change IVF laws.
There would be no change to how patients were treated, ABN AMRO executive director of capital Michael Taranto said.
“We will be investing further in facilities and we’ll be looking at adding further satellite clinics in areas outside of Melbourne,” he added. more…
From: »Herald Sun«