Mumbai: Medi Assist Insurance TPA Private Limited and Raksha Health Insurance TPA Private Limited have entered right into a definitive settlement beneath which Medi Assist Insurance TPA will purchase 100 per cent stake in Raksha Insurance TPA.

Medi Assist Insurance TPA will fund the transaction from inner accruals and completion of the transaction is topic to regulatory approvals and pending customary closing situations.

“Together with Medi Assist’s human-centred and technology-powered approach, we anticipate to help more insured customers get better care, when and how they need it,” mentioned 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 the in-patient and out-patient care throughout the ecosystem,” mentioned Satish Gidugu, CEO, Medi Assist Insurance TPA.

Medi Assist is a well being insurance-focused, technology-powered TPA, trying in the direction of making entry to medical benefits extra seamless, and satisfying by means of a mix of in-person, digital, and digital companies. The administration staff at Raksha Insurance TPA has been the spine of its progress and will probably be built-in with Medi Assist Insurance TPA.