Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be the largest deal in third-party administrator or TPA space, its CEO Satish Gidugu told.
The partnership will allow Bengaluru-based Medi Assist to significantly expand its retail capacities along with strengthening its presence in the interiors of the country, he said.
“This is the largest M&A deal so far in the TPA space. In fact, Raksha will add almost 35% or more to our existing retail premiums. They will give us significant access to deeper parts of north, central and some deeper parts of western regions, making it truly a pan-Indian company,” he said.
Source:
Economic Times
