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PNSA and Mitel & Partners Advise on Sale of Provita to MedLife

PNSA and Mitel & Partners Advise on Sale of Provita to MedLife

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Popovici Nitu Stoica & Asociatii has advised Provita owners Ada and Ovidiu Palea on the sale of a 51% stake in the company to MedLife and the new shareholder agreement. Mitel & Partners advised MedLife on the acquisition.

The transaction remains contingent on regulatory approval.

Provita and MedLife are private healthcare services providers in Romania. MedLife is listed on the Bucharest stock exchange.

PNSA’s team included Partner Silviu Stoica and Managing Associate Vlad Ambrozie.

The Mitel & Partners team included Partner Serban Suchea and Associates Ana Adascalitei and Cristina Mircea.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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