Acquires 100 per cent stake
Medi Assist Insurance TPA Private Limited (“Medi Assist Insurance TPA”) and Raksha Health Insurance TPA Private Limited (“Raksha Insurance TPA”) have entered into a definitive agreement under which Medi Assist Insurance TPA will acquire 100 per cent stake in Raksha Insurance TPA. Founded in 2002, Raksha was the brainchild of Late Ritu Nanda, a visionary and philanthropist.
Medi Assist Insurance TPA will fund the transaction from internal accruals and completion of the transaction is subject to regulatory approvals and pending customary closing conditions.
“Together with Medi Assist’s human-centered and technology-powered approach, we anticipate to help more insured customers get better care, when and how they need it,” said Pawan Bhalla, Managing Director, Raksha Insurance TPA.
“We believe access to health benefits is highest on the list of experiences that need to become more seamless. With Raksha we see lots of opportunities to improve the quality of experience across in-patient and out-patient care across the ecosystem,” said atish Gidugu, CEO, Medi Assist Insurance TPA.
Medi Assist is a health insurance focused, technology-powered TPA. The management team at Raksha Insurance TPA has been the backbone of its growth and will be integrated with Medi Assist Insurance TPA.
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