Medi Assist Healthcare Services Ltd to Integrate Paramount Health Services & Insurance TPA Private Limited Through Slump Sale
Medi Assist Healthcare Services Ltd has approved a three-step plan for the integration of Paramount Health Services & Insurance TPA Private Limited with the Medi Assist group. The plan involves a slump transfer of the Company’s TPA business to Medi Assist TPA, a duly licensed TPA and a wholly owned subsidiary of the Company. Upon completion of the slump transfer, Medi Assist TPA will continue to be a majority shareholder in the residual non-TPA Paramount entity. The slump transfer will be carried out without any requirement for Medi Assist TPA to pay or discharge any consideration for the transfer of TPA business. The transfer of TPA business shall be carried out by way of execution of a Business Transfer Agreement effective February 01, 2026.
Key Highlights
- Medi Assist Healthcare Services Ltd to integrate Paramount Health Services & Insurance TPA Private Limited through slump sale
- Slump transfer of TPA business of Paramount TPA to be effected in favour of its holding Company viz. Medi Assist TPA
- Medi Assist TPA to continue to be a majority shareholder in the residual non-TPA Paramount entity
- Slump transfer to be carried out by way of execution of a Business Transfer Agreement effective February 01, 2026
- Upon completion of slump transfer, Paramount TPA will cease to be a regulated entity