TPAs manage documentation and processing of claims for the insurer to make final settlement
Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). Medi Assist IPO will be the first primary market sale by an insurance third-party administrator (TPA) in India. The IPO will be an offer of sale of up to 28,028,168 equity shares by the promoters and existing shareholders, including Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II, Bessemer Health Capital LLC and Investcorp Private Equity Fund I.