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

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

Ionuț Simion, Country Managing Partner, PwC Romania: ”The Romanian medical services market is evolving towards consolidation. Specialized services and the use of the latest treatments and technologies influence the purchase decision and the companies that hold such an asset are highly sought after. We are pleased to provide assistance to Romanian entrepreneurs who build successful businesses for both the economy and society.”

As part of the transaction, PwC Romania provided fiscal advice, being represented by Ionuț Simion, and the D&B team David și Baias, coordinated by Sorin David, Managing Partner, 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 is completed.

Sorin David, Managing Partner D&B David and Baias: “The last quarter of this year has been effervescent for D&B David și Baias M&A team who successfully completed several transactions, the selling OncoCard being another proof of our involvement in the healthcare market. We are honored by the confidence that Romanian entrepreneurs give us to represent them in complex and large-scale projects that give us the opportunity to demonstrate the professionalism of our team.”

The transaction was signed in November and will be finalized in 2020, after receiving the Competition Council’sapproval.

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

MedLife is the largest private healthcare services provider in Romania.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We are a network of firms in 158 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and / or one or more of its member firms, each of which is a separate legal entity.

About D&B David și Baias

D&B David și Baias is the law firm afiliated to PwC in Romania and is part of the international PwC Legal network, which has more than 3000 lawyers in over 90 countries. The D&B David și Baias team is made of 50 lawyers (out of which 7 are Partners) and provides legal advice and assistance for local and multinational companies in various fields such as: mergers&acquisitions and restructuring, comercial law, real-estate, competition and state aid, financial services and capital markets, labour law and human relations, intelectual property, consumer protection and data protection, comercial and tax litigation. For more information, please access www.david-baias.ro.

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