In continuation of it’s strategy to grow organically, Medi Assist’s TPA subsidiary (MATPL) has signed a definitive agreement to acquire Paramount Health Services & Insurance TPA (Paramount).
- Paramount is the 4th largest TPA by total revenues and 2nd largest TPA in Group segment by Premiums in India.
- The Company in FY24, had a market share of 6.3% in the Group segment and 4% of the Total Health Insurance Industry by Premiums.
- Based on FY24 numbers, acquisition will increase Medi Assist’s market share in terms of premiums managed to 36.6% in the group segment and to 23.6% in the overall health insurance industry (out of group + retail segment).
- Acquisition is an all cash deal at an Enterprise Value of Rs 311.18 cr.
- Paramount’s financial track record
This seems like a good acquisition and given Medi Assist’s past track record wrt acquisitions, should work out well.
Medi Assist’s acquisition history –Â
