Press Reviews

PNSA Advises on MedLife Acquisition of Prima Medical

CEE Legal Matters | 24 November 2015

Popovici Nitu Stoica & Asociatii has advised MedLife on its acquisition of the Prima Medical imaging center in the Romanian City of Craiova.

PNSA Advises on MedLife Acquisition of Prima Medical

MedLife, which opened its doors in 1996, is the largest private medical operator in Romania. Its chain includes 13 multidisciplinary clinics, 10 monodisciplinary centers of excellence, 8 medical laboratories, 6 multi and monodisciplinary hospitals, 3 maternity hospitals, and 11 pharmacies throughout Romania (though primarily in the country's capital, Bucharest). The team of 3,000 employees, of which 1,300 are medical professionals, offers services including clinical and laboratory testing services, medical imaging, reproductive medicine, hospital admission, and surgical interventions, to over 2 million patients annually.

Prima Medical has been one of the most important medical imaging centers in the Oltenia region for over 11 years. It reported a RON 4 million turnover in 2014.

The PNSA team was led by recently-appointed Named Partner Bogdan Stoica, seconded by Senior Associate Irina Vasile, and supported by four other lawyers from the firm. In the past, PNSA advised MedLife in Societe Generale Asset Management's 2009 share purchase, as well as in its 2010 acquisition of Policlinica de Diagnostic Rapid SRL.

The seller of Prima Medical relied on in-house counsel only.

Written by: Radu Cotarcea
CEE Legal Matters