Medi Assist Healthcare IPO: The Good and The Bad

About the company

Incorporated in 2000, Medi Assist Healthcare is a third-party administration services provider to hospitals and insurance companies.

IPO details

Post IPO

Financial history

Key ratios

The positives

Market leader in third-party administration services, with a market share of 26.4 per cent in FY23.

The positives

Strong pan-India network. It caters to 18,754 hospitals across 1,069 cities.

The negative

Revenue concentration: Its top five largest customers accounted for 71 per cent of FY23 revenue.

The negative

It operates in a highly regulated industry and is considerably dependent on insurance companies.

Risk report

Is the company's net debt-to-equity ratio less than one? Yes. It is net cash positive as of September 2023.

To read the complete risk report,