Re-insurance company Swiss Re is going to sell its entire stake of 26% in TPA firm TTK Healthcare TPA. The company is going to sell it to Vidal Healthcare Services. The company has not disclosed the amount, and the deal is subject to regulatory approval.
In a statement issued by Swiss, it said, "It has signed an agreement with Vidal Healthcare Services (Vidal), whereby Swiss Re will sell its 26% shareholding in TTK Healthcare TPA (TTKHTPA) to Vidal."
TTK Healthcare Services is one of the leading third party administrators in India. Vidal Healthcare Services was established by Girish Rao, who was also the co-founder of TTKHTPA. He has been instrumental in building TTKHTPA into one of the India's top TPA companies.
TTK Healthcare Services is one of the leading third party administrators in India. Vidal Healthcare Services was established by Girish Rao, who was also the co-founder of TTKHTPA. He has been instrumental in building TTKHTPA into one of the India's top TPA companies.
Originally, it was thought that Reliance Life was in discussions with Swiss Re to bring it as a foreign partner. Swiss Re has a presence in India since 1998. It was launched as Swiss Re Shared Services (India) in 2000.
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