Medi Assist has acquired Paramount TPA at an enterprise value of ₹312 crore, with an equity value expected to exceed ₹400 crore.
This acquisition, the fifth by Medi Assist, will boost its market share in the group health business from 30% to 37% and at the industry level from 20% to 24%. Paramount, a pioneer in health administration, has been operational since 1996, working with 30 insurers and 3,000+ customers.