Lawyer Monthly - May 2022

Acted as Legal Adviser to Polaris Medical Lawyer Monthly Transaction Reports - Mergers & Acquisitions 90 WWW.LAWYER-MONTHLY.COM MAY 2022 ABOUT THE DEAL POLARIS Medical, one of the largest private hospitals in Romania and an important name in the field of medical recovery, was acquired by Medicover, a Romanian private medical services provider. Revnic, Cristian & Associates provided legal assistance for the owners of POLARIS Medical Group. This complex transaction is one of the most significant of its kind in recent times in the private medical field, the project being a large-scale one and of strategic importance for the local community and the business environment in the northwestern region of Romania. Regarding this project, Radu Revnic, Managing Partner declared: “The acquisition of POLARIS Medical, concluded at the beginning of this year, represents in itself a landmark of the dynamism of the M&A market, as well as of the development of the region and marks the tendency of investors to direct their attention and resources to business clusters in the north-western part of Romania. Related to the national mergers and acquisitions market, with constantly growing transactions which reached a considerable peak in the previous year, this transaction confirms the upward trend for 2022, a trend in which Revnic, Cristian & Associates is a part of and which consolidates our leading position held at regional level”. Polaris Medical is one of the largest private hospitals in the country with a capacity of 180 beds for continuous hospitalization, as well as 14 beds for day hospitalization and over 20 outpatient medical specialties. Revnic, Cristian & Associates was founded in 2006 in Cluj-Napoca, operating in various legal fields, among the most important being Business Law, M&A, Real-Estate, IT Law, Tax & Transfer Pricing, Labour Law, Civil and Family Law. January 2022 Medicover’s Acquisition of Polaris Medical Acted as Legal Adviser to Medicover

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