Medi Assist to acquire 100% stake in Medvantage Insurance TPA for Rs.35-Cr: report

Health insurance third party administrator (TPA) Medi Assist is set to acquire a 100% stake in Mumbai-based Medvantage Insurance TPA Pvt Ltd, one of the country's oldest TPAs that manages corporate clients including Microsoft and Wells Fargo. The size of the deal is estimated at about INR 35 crore.