The Bengaluru based health insurance claims processor Vidal Health Insurance TPA Pvt Ltd hopes to close this fiscal with a revenue of about Rs 200 crore after the merger of Vipul MedCorp Insurance TPA, said a senior official.He also said the .
Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal
Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal
Mumbai, Apr 18: Bengaluru-based third-party insurance player Vidal Health is expecting over 25 per cent jump in revenue this fiscal at Rs 235 crore following the acquisition of the small rival Vipul Medcorp last month.
The merger will make Vidal the largest TPA (third-party administration) in terms of the number of lives covered at 3.2 million (2.2 million of its own and 1 million acquired from Vipul) and the second largest in terms of revenue after Medi Assist in an addressable health insurance market of Rs 40,000 crore in premium size, which is served by as many as 22 TPAs now.
Consolidation inevitable in India s crowded TPA market: Vidal Health CMD dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Read more about Vidal Health Insurance buys Vipul MedCorp TPA for an undisclosed amount on Business Standard. In general, these administrators are independent, but can also act as an entity belonging to the insurers