In a significant consolidation move in India's health insurance sector, Medi Assist Insurance TPA Pvt Ltd has finalized the acquisition of a 100% stake in Paramount Health Services & Insurance TPA. While both firms will maintain independent operations for the time being, the integration paves the way for strategic alignment and operational synergies. The acquisition brings Rs 4,000 crore in additional health premiums under administration for Medi Assist and significantly broadens its provider network.