​MedLife, the market leader of private healthcare services in Romania, continues to develop its medical infrastructure to satisfy as many patients as possible and announces the signing of a new partnership by acquiring 51% of the shares of Provita Group. The agreement marks the consolidation of diagnostic and treatment services throughout the country.

• Thus, MedLife is part of Provita’s stock, having acquired a 51% stake.

• The new partnership combines the know-how of the largest medical group

private from Romania, MedLife and the excellence of Provita medical teams specializing in interventional pain therapy.

• Provita Group currently owns a multidisciplinary hospital, 3 polyclinics, a laboratory, 2 imaging centers and the only training center for pain treatment in Central and Eastern Europe.

• In the next period, the Provita group will develop a new specialized clinic in Suceava, as well as a new large hospital in Bucharest.

• Responding to patient needs with care and compassion continues to be the primary engine driving MedLife Group’s consolidation and expansion strategy.

With more than 11 years of experience in the private healthcare market, Provita Group has established itself through continuous development, especially in Bucharest. Thus, according to company representatives, at the level of the capital, HC “Provita” is represented by a multidisciplinary hospital, two visualization centers equipped with the latest technology, a laboratory where a wide range of analyzes and research can be carried out, as well as a training center for pain therapy, the only in Central and Eastern Europe, approved by the European Society of Regional Anesthesia and Pain Therapy. In the next period, Provita will also develop in other large cities of the country, the first target city will be Suceava, where the Group will open a specialized clinic, the key areas of which are interventional pain therapy and full screening for breast pathology.

Also, the Provita group is going to expand its activities in the capital by launching a new private medical hospital, scheduled for spring 2023. The new hospital, at the final stage of construction, will have an area of ​​approximately 25,000 square meters, 8 operating rooms, 110 beds, a state-of-the-art imaging center and an integrated cancer center for diagnosis, treatment and recovery, allowing patients, both adults and children, to have easy access to medical perfection.

According to company representatives, Provita Group ended 2021 with a turnover of 74 million RON.

“We continue to be attentive to the needs of patients and respond with comprehensive medical solutions to sustainably contribute to the improvement of their health. In this sense, the strategic partnership with Provita Group is an important step we are taking to complement our network with excellent medical teams, as well as to integrate prevention, diagnosis and treatment services at the highest standards. Our patients need a comprehensive health care system that they can access quickly and efficiently to take care of their health, but especially to prevent the most common diseases,” said Doreen Preda, CEO of MedLife Group.

As a result of the completion of this transaction, the existing management team as well as the founders will retain their responsibilities and, as with other acquisitions announced by MedLife, will continue to be responsible for the development and expansion of Provita’s medical business. within the framework of MedLife group strategy.

“Patients’ needs and how we respond to them – through a multidisciplinary and empathetic approach to medical action – is the basis of Provita Group’s activity. We are happy to find in MedLife a strategic partner that corresponds to this vision and with whom we will continue to achieve our main goal of building a network of centers with comprehensive medical services in the coming years for as many patients as possible, both from Bucharest and other major cities of the country.” said Dr. Ovidiu Nicolae Palea, founder of Provita.

“Partnership with Provita Group is another stage of development, part of the business strategy that we have adopted and brought to the attention of our shareholders since the beginning of this year – the consolidation of diagnostic and treatment services for the satisfaction of our patients. in as many medical centers as possible throughout the country. This is the 13th agreement announced this year, the first in the private healthcare market in Romania, and we are confident that all these new partnerships will not only help to strengthen the market, but will also be a great advantage for increasing access to quality healthcare. services at the national level,” said Mihai Markou, president and CEO of MedLife Group.

The transaction was facilitated by the international audit firm Mazars and the law firm Mitel & Asociații for MedLife, as well as the law firm Popovici Nițu, Stoica & Asociații through Silviu Stoica and Wise Way Advisors through Alexandru Medelean on behalf of the sellers.

With the completion of this acquisition, the MedLife group will reach 47 deals, being the operator with the largest portfolio of Romanian healthcare companies integrated into the group. The company will continue to invest in the development of infrastructure in Romania, the last transaction announced was the transaction of the digital integrator platform SanoPass.