Bengaluru, July 2nd, 2025 – Medi Assist Insurance TPA Private Limited (“Medi Assist TPA”), a wholly owned subsidiary of Medi Assist Healthcare Services Limited (“Medi Assist”), today announced the successful completion of its acquisition of a 100% stake in Paramount Health Services & Insurance TPA Pvt. Ltd. (“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 ₹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.
Satish Gidugu, CEO of Medi Assist, said, “Acquisition of Paramount TPA is a significant milestone in our journey to simplify health benefits and increase access to quality healthcare for all. Paramount’s deep-rooted relationships and domain expertise complement our technology-driven approach, positioning us to deliver enhanced value to insurers and a superior experience to Policyholders.”
