Wednesday 30 Apr, 2025 02:39 PM
Site map | Locate Us | Login
   Welspun Specialty drops after Q4 PAT slumps 91% YoY to Rs 3 cr    Volumes jump at R R Kabel Ltd counter    Mahindra Holidays adds new resorts in Andhra Pradesh, Abu Dhabi & Vietnam    Dixon Tech inks JV pact with Inventec Corp for manufacturing PC products in India    Realty stocks climb ahead of major Q4 results, Akshaya Tritiya boost    Industrials shares fall    Shriram Finance Ltd slips for fifth straight session    Alembic Pharma gains after receiving EIR from USFDA for Panelav facility    Tube Investments of India Ltd spurts 3.74%, up for third straight session    Varun Beverages Q1 PAT climbs 35% YoY to Rs 726 cr    Atishay hits the floor after Q4 PAT slides 6% YoY to Rs 2 cr    A B Infrabuild Ltd leads gainers in 'B' group    UTI AMC slides as Q4 PAT tanks 46% to Rs 87 crore; declares dividend of Rs 48/sh    Bajaj Finserv PAT climbs 16% YoY to Rs 4,756 cr in Q4 FY25    Bajaj Finance Q4 PAT rises 17% YoY to Rs 4,480 cr; recommends final dividend of Rs 44/sh 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Care Ratings assigns 'AA-' rating to the LT facilities of Medi Assist Healthcare
26-Mar-25   13:47 Hrs IST

The agency has assigned 'CARE A1+' rating to the long-term facilities of Medi Assist Healthcare.

Care Ratings stated that the rating assigned to Medi Assist Healthcare Services (MAHS) factor in the company's leadership position in the insurance third-party administrator (TPA) industry, experienced management, tie-ups with all major insurance companies and established relationships with large, reputed corporates, and company's strong financial risk profile.

Ratings are further underpinned by sustained improvement in operational performance with increased volume of business, strong liquidity, and improving cash flow from operations.

These rating strengths are partially offset by intensely competitive and fragmented industry and threat from in-house TPAs of insurer companies.

CARE Ratings considers the acquisition announcement on August 26, 2024, of Paramount Health Services & Insurance TPA (Paramount TPA) by MAHS. The announcement involved MAHS' subsidiary, Medi Assist Insurance TPA (MAITPA) entering a share purchase agreement to acquire a 100% stake in Paramount TPA for an enterprise value of approximately Rs 311.8 crore, subject to closing-related adjustments.

CARE Ratings notes that the acquisition of Paramount TPA by MAHS would strengthen its market leadership position by increasing its market share. MAHS' credit risk profile is expected to remain strong despite significant liquidity being utilised for the acquisition.

Minimal debt obligations and a considerable cushion in working capital limits provide adequate liquidity comfort.

Medi Assist Healthcare Services is into providing TPA services in India, majorly through its subsidiary, Medi Assist Insurance TPA (MAITPA). MAITPA is one of the earliest IRDAI-licensed third-party administrators (TPA) in India, providing range of services in claim administration & settlement and cashless hospitalisation. As on 31 December 2024, MAHS had a network of over 19,000 hospitals and served over 10,500 corporate clients nationwide, retaining most of them due to its quality service.

The scrip shed 0.72% to currently trade at Rs 449.65 on the BSE.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 40550966
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL WEALTH Pvt. Ltd