MedLife announces strategic partnership with Provita
MedLife announces the signing of a new partnership by acquiring 51 percent of the Provita Group’s shares. The transaction marks the consolidation of the diagnostic and treatment services nationwide.
With over 11 years of experience in the private medical services market, the Provita Group has established itself through sustained development, especially in Bucharest. Thus, according to company representatives, at Bucharest level, the Provita Group is present with a multidisciplinary hospital, two imaging centers equipped with the latest technology, a laboratory where a wide range of analyzes and medical tests can be processed, as well as a training in pain therapy center, the only one 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 targeted city being Suceava, where the Group will inaugurate a specialized clinic, the key areas being interventional pain therapy and complete screening for breast pathology.
Also, the Provita Group is going to expand its operations in the capital, by launching a new private medical hospital, planned for the spring of 2023. The new hospital, in the final phase of execution, will have an area of approximately 25,000 square meters, 8 operating rooms, 110 beds, a cutting-edge imaging center and an integrated oncology center for diagnosis, treatment and recovery, thus allowing patients, both adults and children, easy access to excellent medical services.
According to company representatives, the Provita Group ended 2021 with a turnover of 74 million RON.
“We continue to be attentive to patients’ needs and respond with complex medical solutions, to contribute sustainably to improving their health. In this sense, the strategic partnership with the Provita Group is an important step we are taking to complete our network with excellent medical teams, but also to integrate prevention, diagnosis and treatment services at the highest standards. Our patients need a complete system of medical services, to which they can have quick and efficient access to take care of their health, but especially to prevent the most common diseases”, stated Dorin Preda, Executive Director, MedLife Group.
“The partnership with the Provita Group represents another stage of development, part of the business strategy, which we undertook and brought to the attention of our shareholders since the beginning of this year – the consolidation of diagnostic and treatment services in order to meet our patients in as many medical centers as possible throughout the country. It is the 13th transaction announced this year, a first on the private medical services market in Romania, and we are confident that all these new partnerships will not only help to strengthen the market, but will be a major advantage to increase access to quality medical services at the national level” stated Mihai Marcu, President & CEO of MedLife Group.
The transaction was assisted by the international audit company Mazars and the law firm Mitel & Asociatii for MedLife, and the law firm Popovici Nitu, Stoica & Asociatii, through Silviu Stoica, and Wise Way Advisors, through Alexandru Medelean, on behalf of the sellers.