Medi Assist signs agreement to acquire Medvantage Insurance
Financial Express Mumbai|September 27, 2022
MEDI ASSIST, INDIA'S largest health insurance third-party administrator (TPA), on Monday announced that it has signed a definitive agreement to acquire a 100% stake in Medvantage Insurance TPA.
Medi Assist signs agreement to acquire Medvantage Insurance

Medi Assist expects to fund the acquisition of Medvantage, formerly UnitedHealthcare Parekh Insurance TPA, with existing cash from its balance sheet.

The transaction was approved by the board of directors at each of the respective companies and is subject to receipt of regulatory approval and satisfaction of other customary closing conditions, according to a release.

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