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Medi Assist’s arm completes acquisition of 100% stake in Paramount TPA
Jul-02-2025

Medi Assist Healthcare Services’ (Medi Assist) wholly owned subsidiary -- Medi Assist Insurance TPA has completed its acquisition of a 100% stake in Paramount Health Services & Insurance TPA (Paramount TPA). This acquisition marks a pivotal step in Medi Assist’s continued growth strategy, reinforcing its position as India’s largest health benefits administrator. With this transaction, Medi Assist is set to add Rs 4,000 crores of health premiums, under administration. 

The deal also enhances Medi Assist’s provider networks and enables the company to leverage operational synergies, all while incorporating cutting-edge AI and ML-driven automation to scale services more efficiently across all health insurance segments. One of the key benefits of this acquisition is the significant enhancement in the policyholder experience for Paramount’s portfolio. Medi Assist’s advanced technology capabilities, including its AI-powered fraud detection, automated claims processing, and predictive analytics, will offer policyholders a more seamless, efficient, and intelligent healthcare journey.

Following the completion of the acquisition, both Medi Assist TPA and Paramount TPA will continue to operate independently until a formal merger process is completed. This ensures a smooth transition as the companies integrate their operations and align their offerings for enhanced value creation.

Medi Assist is a health-tech and insurtech company focused on administering health benefits across employers, retail members, and public health schemes.


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