Medi Assist Healthcare Services Ltd

(MEDIASSIST)

Medi Assist Stock Surges After Mutual Fund Purchases - 16 Sep, 2024

Medi Assist Healthcare Services shares jumped 9% to a 52-week high after HDFC and ICICI Prudential Mutual Funds bought 21 lakh shares. The company reported a 19.2% revenue increase year-on-year and a 5.5% rise in net profit. Year-to-date, shares have gained 53.3%.

Medimatter Health Management Sells Stake in Medi Assist - 13 Sep, 2024

Medimatter Health Management offloaded a 4.73% stake in Medi Assist Healthcare Services for ₹211 crore, decreasing its holding from 38.85% to 34.12%. The stock price fell by 1.45% to ₹658 on the NSE.

Medi Assist Shares Surge After Major Stake Purchases - 04 Sep, 2024

Medi Assist Healthcare Services saw a 13% share price increase after significant stake purchases by mutual funds and foreign investors, totaling nearly Rs. 611.1 crores. Bessemer Venture Partners sold a 13.5% stake for Rs 580 crore, while Goldman Sachs and HDFC Mutual Fund also acquired shares at ₹611.7 each.

Bessemer Sells Stake in Medi Assist Healthcare - 03 Sep, 2024

Bessemer Venture Partners sold a 13.5% stake in Medi Assist Healthcare for Rs 580 crore. The stock price fell 1% to Rs 611.70 post-transaction. Medi Assist plans to acquire Paramount Health Services, enhancing its market position.

Bessemer India to Sell Medi Assist Shares - 02 Sep, 2024

Bessemer India is set to sell shares of Medi Assist Healthcare Services worth ₹540 crore through a block deal at ₹570 per share, reflecting a 7% discount. Medi Assist's shares closed higher on the same day, indicating market interest.

Medi Assist Acquires Paramount TPA Stake - 28 Aug, 2024

Medi Assist Healthcare Services announced its subsidiary will acquire a 100% stake in Paramount TPA for Rs 312 crore, increasing its group insurance market share from 30% to nearly 37%. This acquisition is one of the largest TPA deals in India and is expected to enhance Medi Assist's premium revenue significantly.

Medi Assist Shares Surge After Paramount Acquisition - 27 Aug, 2024

Medi Assist Healthcare Services shares jumped over 11% after announcing the acquisition of Paramount Health Services & Insurance TPA for over Rs 400 crore, enhancing its market share significantly in the TPA sector.

Medi Assist Acquires Paramount Health Services TPA - 26 Aug, 2024

Medi Assist Healthcare Services announced the acquisition of Paramount Health Services & Insurance TPA for Rs 311.8 crore, boosting its market share to 36.6% in the group segment and 23.6% in the health insurance industry. This strategic move is one of the largest TPA deals in India, pending regulatory approvals.

Medi Assist: Tactical Pick in Health Insurance - 23 Aug, 2024

Medi Assist Healthcare Services is highlighted as a tactical pick due to its unique position as the only listed third-party administrator for health insurance, offering growth potential linked to premium management.

Medi Assist Reports Steady Q1 Performance - 19 Aug, 2024

Medi Assist Healthcare Services reported a steady performance in Q1FY25, driven by healthy growth in premium under management. The company's margin is expected to improve in FY25.