Vidal Health acquires Vipul Medcorp; Becomes the Second Largest TPA in Insurance Sector

Vidal Health Insurance has announced the 100% acquisition of Vipul Medcorp Insurance. With this acquisition, Vipul Medcorp will merge into Vidal Health, to create one of the top three TPAs (Third Party Administrator) in the country. The acquisition will bring the entire Vipul Medcorp business under Vidal's Umbrella, Girish Rao, Chairman & Managing Director, Vidal Health said.

He shared, “The business synergies of VMC and Vidal Health are remarkable. Both businesses complement each other’s strength in business verticals and geographical spread. We have been extremely successful in servicing customers across segments for nearly two decades. We are already the leaders in servicing govt schemes in many states across the country. Our strength in servicing large corporate accounts is well known. This acquisition will give us a similar scale in servicing retail individual customers. By bringing VMC’s business under the Vidal Health umbrella, we will now have a strong pan-India presence of customers and offices, which will allow us to service our customers’ needs even faster.”

Not just the pursuant company, Vidal has also acquired Vipul's parent company, Vipul Medcare Private Limited. Thus, it has added Oman to the existing markets in Dubai, Abu Dhabi and Qatar. Mr Rao adds, “Vidal Health Group was an early mover in making an international foray six years ago. Vidal Health Group’s healthcare management (non-TPA) business segment also has a large global network of providers to service our customers in the Middle East. We have also been investing in building a cutting-edge technology platform to service our customers. We are future-ready to meet all the requirements of our insurance partners and customers. Customer satisfaction is at the core of our business and will remain the guiding principle for the merged entity.”

From Vipul Medcorp

Rajan Subramaniam CEO of Vipul Medcorp said, “This merger will bring out the best from VMC and Vidal Health and set us up to deliver the best of the best services to customers. We are also excited to be a part of this merger.”