One of the healthcare stocks specializes in managing health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. The stock is in focus after completing the merger with Raksha Health Insurance TPA Private Limited
Stock Price Movement:
In Thursday’s trading session, Medi Assist Healthcare Services Limited’s share jumped to an intraday high of 1.35 percent from the previous close of Rs. 604.80. The stock opened at Rs. 598 and is currently trading at Rs. 605.15, with a high of Rs. 613 and a low of Rs. 590. The market capitalization now stands at approximately Rs. 4,266.82 crore.
What Happened:
The Regional Director of Medi Assist Healthcare Services Limited, South East Region, Hyderabad, has confirmed the merger of Raksha Health Insurance TPA Private Limited (Raksha TPA) with Medi Assist Insurance TPA Private Limited (MAITPA). They acquired 100% of the total share capital of Raksha Health Insurance TPA Private Limited.
The merger of Raksha TPA with Medi Assist TPA streamlines operations, consolidating resources for enhanced efficiency. It strengthens the combined entity’s market position in the insurance TPA sector.
Outlook and Guidance
Medi Assist Healthcare Services Limited is optimistic about the health insurance sector’s future and its role within it. The company expects improved margins as synergies from recent acquisitions, including the pending Paramount TPA acquisition, take effect. Medi Assist is focused on enhancing customer experience and expanding market share in the growing industry.
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Technology and Innovation:
Medi Assist Healthcare Services Limited is committed to technological innovation, investing in AI, data science, and machine learning to enhance policyholder experiences and prevent fraud.
The company’s AI-driven fraud detection system has resulted in a 60% increase in savings. They also launched “Raksha Prime” for predictive out-of-pocket expense estimates and introduced an “Instant Resolution” feature to simplify claim processes.
Recent quarter results and ratios:
Medi Assist Healthcare Services Limited’s revenue has increased from Rs. 168 crore in Q1 FY25 to Rs. 181 crore in Q2 FY25, which has grown by 7.74 percent. The net profit of Medi
Assist Healthcare Services Limited has also grown by 10.53 percent, from Rs. 19 crore in Q1 FY25 to Rs.21 crore in Q2 FY25.
Medi Assist Healthcare Services Limited’s revenue and net profit have grown at a CAGR of 18.05 percent and 21.56 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 23.2 percent and 18.9 percent, respectively. The debt-to-equity ratio of the company is to be 0.12x, which shows the company is almost debt-free. Medi Assist Healthcare Services Limited’s EPS is to be Rs. 12.2.
Company Overview:
Medi Assist Healthcare Services Limited was founded in June 2000 and is a leading health-tech and insurance-tech company based in Bengaluru, India. The company specializes in managing health benefits for employers, retail members, and public health schemes, primarily catering to insurance companies.
Written By – Nikhil Naik
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