Medi Assist acquires Fairfax-backed Paramount TPA for Rs 312 crore

Medi Assist TPA signed an agreement to acquire Paramount TPA for Rs 311.8 crore. Funded by internal accruals and short-term debt, the acquisition aims to boost Medi Assist’s market share. This is Medi Assist’s second key acquisition, following the purchase of Raksha TPA last year.