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Medi Assist Insurance TPA to acquire Paramount Health Services & Insurance TPA for Rs 311.18 crore

Aug 26, 2024over 1 year ago

Acquiring Company

Medi Assist Insurance TPA

Acquired Company

Paramount Health Care

ToledoInsurance

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.

Company Information

Company

Medi Assist Insurance TPA

About

Make informed decisions regarding your medical insurance with Medi Assist Insurance TPA. Capitalise on our technology, partnerships, and human touch.

M&A Insights

Based on deal data
Integration 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