Medi Assist Insurance TPA to acquire Paramount Health Services & Insurance TPA for Rs 311.18 crore
Aug 26, 2024•over 1 year ago
Acquiring Company
Medi Assist Insurance TPA
Acquired Company
Paramount Health Care
Description
Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist Healthcare Services, has signed a definitive agreement to acquire Paramount Health Services & Insurance TPA for Rs 311.18 crore. This acquisition aims to consolidate Medi Assist's position in the market and is subject to regulatory approvals.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed