Liquidity Events
Bajaj Finserv acquires TPA firm Vidal for Rs.325-Cr
Pune-based Bajaj Finserv Health, a wholly-owned subsidiary of Bajaj Finserv, has acquired 100% stake in Mumbai-based Vidal Healthcare Services at an enterprise value of INR 325 crore. The deal was advised by JM Financial.The Third Party Administrator (TPA) services focused Vidal has a network of over 1,00,000 doctors, 5,500 labs and 2,100 hospitals. Its wholly-owned subsidiary, Vidal Health Insurance TPA services premium of over INR 5,000 crore, covering 130 million lives.
In 2016, Vidal Health had raised USD 12 M from Ambit Pragma.
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