Bajaj Finserv Health acquires 100% stake in Vidal Healthcare Services for Rs 325 crore, expanding healthcare offerings and supporting government initiatives.

Bajaj Finserv Health Ltd, a subsidiary of Bajaj Finserv Ltd, has announced the signing of a share purchase agreement to acquire 100% stake in Vidal Healthcare Services Private Ltd (VHC) and its subsidiaries and an associate company for a total of Rs 325 crore. The acquisition will allow Bajaj Finserv Health to offer OPD, wellness, and hospitalisation benefits to customers and play a significant role in various healthcare initiatives of the government and insurance regulator. VHC is a leading healthcare administrator in India with a wholly-owned subsidiary, VHI-TPA, that services premium of over Rs 5,000 crore, covering 130 million lives.

January 30, 2024
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