Wasatch Advisors LP and Aditya Birla Sun Life MF Increase Stakes in Medi Assist Healthcare 4 days ago
Wasatch Advisors LP and Aditya Birla Sun Life Mutual Fund have significantly increased their stakes in Medi Assist Healthcare Services Ltd. Wasatch Advisors LP raised its holding from 2.19% to 5.84% of voting capital, while Aditya Birla Sun Life MF increased its stake to 7.03% of total share capital. These transactions were disclosed in regulatory filings to stock exchanges. Medi Assist Healthcare Services has a total share capital of 70,538,100 shares with a par value of Rs 5.00 each and is listed on both NSE and BSE.
Aditya Birla Sun Life MF Boosts Stake in Medi Assist Healthcare to 7.03% 4 days ago
Medi Assist Reports 18.5% Premium Growth, Completes Paramount Acquisition for Rs 412.4 Crores 5 days ago
Medi Assist Healthcare Services Announces ₹198 Crore Preferential Share Issue 6 days ago
Medi Assist Healthcare Services to Raise ₹198 Crore via Preferential Share Issue 6 days ago
More news about Medi Assist Healthcare
07Aug 25
Medi Assist Healthcare Services Reports Strong Q1 FY2026 Results with 13.6% Revenue Growth
Medi Assist Healthcare Services Limited announced robust Q1 FY2026 results with 13.6% YoY revenue growth to ₹1,905.58 crore. Adjusted EBITDA increased to ₹420.12 crore, with margin improving to 22.05%. Profit from continuing operations grew 18.7% to ₹226.31 crore. Premium Under Management rose 18.5% to ₹70,756 crore, with market share in health insurance premium administered expanding to 23.1%. The company completed the acquisition of Paramount TPA and partnered with Star Health. AI-driven fraud detection led to ₹160 crore in savings, a 3x increase YoY.
07Aug 25
Medi Assist Healthcare Reports Robust Q1 Growth with 13.6% Revenue Surge
Medi Assist Healthcare Services Limited reported robust Q1 FY2025-26 results with consolidated revenue up 13.6% to ₹1,905.58 crore and profit rising 18.7% to ₹226.31 crore year-over-year. Adjusted EBITDA increased to ₹420.12 crore, with margin improving to 22.05%. The company's Premium Under Management grew to ₹70,756 crore. The board approved raising up to ₹198 crore through preferential allotment to institutional buyers. Mr. Madhavan Ganesan was nominated to the board of a subsidiary, Paramount Health Services & Insurance TPA Private Limited.
02Jul 25
Medi Assist Healthcare Services Strengthens Market Position with Paramount TPA Acquisition
Medi Assist Healthcare's subsidiary, Medi Assist Insurance TPA, has completed the acquisition of Paramount Health Services & Insurance TPA on July 1, 2025. This acquisition adds ₹4,000.00 crore of health premiums under administration to Medi Assist's portfolio, strengthening its position as India's largest health benefits administrator. The move is expected to expand Medi Assist's client base and potentially enhance its service capabilities and market reach in the health insurance third-party administrator (TPA) market in India.
25Jun 25
Star Health & Allied Insurance Unveils AI-Powered Claims Management System 'Matrix' in Partnership with Medi Assist
Star Health & Allied Insurance has partnered with Medi Assist Healthcare to launch 'Matrix', an AI-powered claims management system. This innovative solution aims to enhance efficiency and accuracy in claims processing, potentially leading to faster turnaround times and improved customer satisfaction. The collaboration combines Star Health's insurance expertise with Medi Assist's healthcare management proficiency. While specific details are not disclosed, the AI system is expected to offer benefits such as faster processing, reduced errors, enhanced fraud detection, and improved customer experience.
16May 25
Medi Assist Healthcare Services Reports 28.5% Profit Surge
Medi Assist Healthcare Services announced impressive financial results with a 28.5% year-on-year profit increase to ₹91.60 crore. Revenue grew by 14% to ₹723.30 crore, while total premium under management rose 14.3% to ₹21,108.00 crore. The company also received IRDAI approval to acquire Paramount Health Services & Insurance TPA Pvt. Ltd., positioning it for potential market expansion and growth in the healthcare services sector.
15May 25
Medi Assist Healthcare Q4 Results: Revenue Up, Profit Dips
Medi Assist Healthcare's Q4 results show a 13.17% year-over-year revenue increase to ₹1.89 billion. EBITDA grew 10.11% to ₹407.40 million, but the EBITDA margin slightly decreased to 21.57%. Net profit declined 14.34% to ₹215.00 million compared to the previous year. The results indicate strong top-line growth but challenges in maintaining profitability.
13May 25
Medi Assist Healthcare Services Secures IRDAI Approval for Paramount Health Services Acquisition
Medi Assist Healthcare Services has received IRDAI approval to acquire Paramount Health Services & Insurance TPA. This strategic move is expected to strengthen Medi Assist's position in the healthcare services market, potentially leading to improved efficiencies and service delivery in the third-party administrator (TPA) segment of the health insurance industry. The acquisition could alter competitive dynamics and enhance Medi Assist's capabilities in the sector.
12Mar 25
Medi Assist Healthcare Services Announces Dissolution of UK Subsidiary
Medi Assist Healthcare Services Limited has announced the dissolution of its step-down subsidiary, Mayfair Group Holding Subcontinent Limited, in the UK, effective March 11, 2025. The subsidiary was non-operational since incorporation and contributed nil to the company's financials. This dissolution, approved by the UK Registrar of Companies, is expected to have minimal financial impact on Medi Assist Healthcare Services.
11Mar 25
Medi Assist Healthcare Services Announces Dissolution of UK Subsidiary
Medi Assist Healthcare Services Limited has completed the dissolution of its non-operational UK subsidiary, Mayfair Group Holding Subcontinent Limited, effective March 11, 2025. The process, initiated in November 2024, was finalized with approval from the UK Registrar of Companies. The company stated that this dissolution has no financial impact, as the subsidiary had no business operations since its incorporation and did not contribute to the company's financial metrics in the last fiscal year.