Regina Maria network announced on Thursday, July 14, that it would not complete the acquisition of Muntenia Hospital in Pitesti. The private healthcare provider did not say exactly why, merely that it was decision based in information found after the initial announcement.
The Competition Council is to look into the MedLife Muntenia Hospital deal.
MedLife arrived in Arges County, where Pitesti is, in 2018 when it bought the majority stake in the Solomed clinics.
“As we have already notified our shareholders, we continue the consolidation and development process of the MedLife Group in Romania and are announcing the signing of a partnership in the south of the country – Muntenia Hospital, the largest private hospital in Arges County,” said Dorin Preda, Executive Director of MedLife Group, in a news release.
SIF Muntenia’s first quarter 2022 report sent to the Bucharest Stock Exchange shows it to own a RON33.66 million stake in Muntenia Medical Competences or 1,882,496 shares at a price of RON17.8838 each. The hospital was established and is run by SIF Muntenia.
(English version by Loredana Fratila-Cristescu)