Czech hospital bed maker LINET buys 80 pct in BORCAD Medical

October 3, 2016 12:26 PM

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PRAGUE Europe's biggest hospital bed maker LINET Group has taken an 80 percent stake in Czech peer BORCAD Medical, specializing in birthing beds and gynecological chairs, LINET said on Monday.

LINET, founded by Czech businessman Zbynek Frolik in 1990, has grown to reach over 100 markets, earning 228.4 million euros ($256.56 million) in revenue in its last fiscal year ending in March 2016.

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