Acquisition History / Medi Assist Healthcare Services Ltd / Paramount Health Services & Insurance TPA Pvt Ltd
Medi Assist Healthcare Services Ltd Acquires Paramount Health Services & Insurance TPA Pvt Ltd
Announced August 26, 2024 — $45.2M
What happened
Medi Assist's subsidiary Medi Assist Insurance TPA agreed to buy Mumbai-based Paramount Health Services & Insurance TPA from Fairfax Asia and the Nayan Shah family in a deal worth over Rs 400 crore. The purchase lifts Medi Assist's share of group health premiums administered to 36.6% and of the overall health insurance industry to 23.6%.
- Target
- Paramount Health Services & Insurance TPA Pvt Ltd
- Announced
- August 26, 2024
- Price
- $45.2M
- Industry
- Health insurance third-party administration
- Buyer type
- Strategic acquirer
- Backing investors
- Fairfax Asia (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Medi Assist Healthcare Services Ltd acquire Paramount Health Services & Insurance TPA Pvt Ltd?
Medi Assist Healthcare Services Ltd acquired Paramount Health Services & Insurance TPA Pvt Ltd on August 26, 2024. This was Medi Assist Healthcare Services Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Medi Assist Healthcare Services Ltd pay for Paramount Health Services & Insurance TPA Pvt Ltd?
Medi Assist Healthcare Services Ltd paid $45.2M for Paramount Health Services & Insurance TPA Pvt Ltd.
What does Paramount Health Services & Insurance TPA Pvt Ltd do?
Medi Assist's subsidiary Medi Assist Insurance TPA agreed to buy Mumbai-based Paramount Health Services & Insurance TPA from Fairfax Asia and the Nayan Shah family in a deal worth over Rs 400 crore. The purchase lifts Medi Assist's share of group health premiums administered to 36.6% and of the overall health insurance industry to 23.6%.
What other Health insurance third-party administration companies has Medi Assist Healthcare Services Ltd acquired?
Paramount Health Services & Insurance TPA Pvt Ltd is Medi Assist Healthcare Services Ltd's only publicly tracked acquisition in Health insurance third-party administration so far.