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Medi Assist to merge Paramount TPA with Medi Assist Insurance TPA
Dec-29-2025

Medi Assist Healthcare Services has secured its Board’s approval to merge its step-down wholly owned subsidiary -- Paramount Health Services & Insurance TPA (Paramount TPA) with Medi Assist Insurance TPA (MAITPA), a wholly owned subsidiary of the company. Paramount TPA is engaged in the business of providing health administration services as a Third-Party Administrator. MAITPA is engaged in the business of providing health administration services as a Third-party Administrator to Insurance companies in connection with health services.

The merger will enable the MAITPA to integrate its business operations and provide impetus to the operations of the Paramount TPA. The consolidation of the activities will provide seamless access to the assets (including intangible assets, licenses and intellectual properties whether or not recorded in the books) of the Paramount TPA, which will lead to synergies of operations, reduction in overheads and boost financial strength thereby creating a stronger base for future growth and accretion of shareholder value. Further, the merger will streamline group structure by reducing the multiplicity of legal and regulatory compliances. Moreover, it will provide greater efficiency in cash management of both the companies and unfettered access to cash flow generated by combined business which can be deployed more efficiently to fund growth opportunities which would maximize shareholder value. 

Medi Assist Healthcare Services is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.

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