Incorporated in 2000, Medi Assist Healthcare is a third-party administration services provider to hospitals and insurance companies.
Market leader in third-party administration services, with a market share of 26.4 per cent in FY23.
Strong pan-India network. It caters to 18,754 hospitals across 1,069 cities.
Revenue concentration: Its top five largest customers accounted for 71 per cent of FY23 revenue.
It operates in a highly regulated industry and is considerably dependent on insurance companies.
Is the company's net debt-to-equity ratio less than one? Yes. It is net cash positive as of September 2023.