MedLife acquires 51% of Provita Group’s stock

11 October 2022

The medical services company MedLife signed an agreement for the acquisition of 51 percent of the shares of the Provita Group. In the next period, Provita will expand to other large cities in the country, the first city targeted being Suceava where the Group will inaugurate a new clinic.

Also, the Provita Group is going to expand its operations in the Capital by opening a new private medical hospital, planned for the spring of 2023. The unit, in the final phase of execution, will have an area of approximately 25,000 sqm.
The transaction was assisted by the international audit company Mazars and the law firm Mitel & Asociaţii for MedLife, and the law firm Popovici Niţu, Stoica & Asociaţii for Ada and Ovidiu Palea, the founders of the Provita Group.

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