D&B David si Baias and PwC Romania assisted OncoCard associates in the sale to MedLife

17 Dec 2019

An integrated team of D&B David și Baias and PwC Romania tax and legal services consultants assisted OncoCard associates in the sale of the private hospital for oncology diagnosis and treatment in Brasov to MedLife.

“The Romanian medical services market is evolving towards consolidation. Specialist services and the use of the latest treatments and technologies influence purchasing decisions, so companies offering them are highly sought after. We are pleased to provide assistance to Romanian entrepreneurs building businesses that are successful for both the economy and society,” says Ionuț Simion, Country Managing Partner, PwC Romania.

For the hospital transaction, PwC Romania, represented by Country Managing Partner Ionuț Simion, provided fiscal advice. The D&B David și Baias team, coordinated by Sorin David, Managing Partner, with Romana Petre, Senior Lawyer, and Andreea Tortov, Collaborating Lawyer, provided legal M&A assistance throughout the transaction and will advise the client until the sale process has been completed.

"The D&B David și Baias M&A team has had an outstanding last quarter of this year, with several transactions successfully completed and the OncoCard sale further enhancing our reputation in the healthcare market. We are honoured by the confidence that Romanian entrepreneurs have shown in us to represent them in complex and large-scale projects that give us the opportunity to demonstrate the professionalism of our team”, said Sorin David, Managing Partner D&B David and Baias.

The transaction was signed in November and will be finalised in 2020, after receiving the Competition Council’s approval.

Having been established by Romanian entrepreneurs in 2012, OncoCard is now one of the most modern oncology diagnostic and treatment platforms in Romania.

MedLife is the largest private healthcare services provider in Romania.

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About D&B David și Baias

D&B David și Baias is the connected law firm with PwC in Romania and is part of the international PwC Legal network, which has more than 3,000 lawyers in over 90 countries. The D&B David și Baias team has 50 lawyers (including seven Partners) and provides legal advice and assistance for local and multinational companies in various fields such as: mergers, acquisitions and restructuring, commercial law, real-estate, competition and state aid, financial services and capital markets, labour law and human resources, intellectual property, consumer protection and data protection, commercial and tax litigation. For more information, please access www.david-baias.ro.

© 2019 PwC. All rights reserved.

Ionut Simion, Country Managing Partner

Sorin David, Managing Partner D&B David si Baias

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