Bajaj Finserv Health Acquires Vidal Healthcare for ₹325 Crore, Expanding Healthcare Capabilities

31 Jan 2024 , 11:05 AM

Bajaj Finserv Health, a subsidiary of Bajaj Finserv, is acquiring 100% stake in Vidal Healthcare Services Pvt Ltd. The acquisition is valued at ₹325 Crore and is expected to be completed in Q4 of FY 2023-24.

Upon completion, Vidal Healthcare Services and its subsidiaries will become wholly owned by Bajaj Finserv Health.

Vidal Health Insurance TPA Pvt Ltd and VH Medcare Pvt Ltd, subsidiaries of Vidal Healthcare Services, will become indirect wholly owned subsidiaries of Bajaj Finserve Health.

Bajaj Fiserv Health will indirectly acquire a 21.3% equity stake in IntentHealth Technologies Pvt Ltd, an associate of Vidal Healthcare Services.

Vidal Health brings expertise in healthcare administration, complementing Bajaj Finserv Health’s digital experience and data management capabilities.

Bajaj Finserv Health has a vast network covering 1,00,000+ doctors, 5,500 lab touch points, and 2,100 hospitals.

The company is recognized as a partner in the Ayushman Bharat Digital Mission and plays a key role in healthcare transactions on the Unified Health Interface (UHI) network.

The acquisition enhances Bajaj Finserv’s capabilities in healthcare, particularly in hospitalization, a significant healthcare spending category.

Vidal Health Insurance TPA Pvt Ltd services premiums exceeding ₹5,000 Crore, covering 130 million lives.

JM Financial Limited advised Bajaj Finserv Health, while Ernst & Young conducted Financial and Tax Due Diligence, and Chitale Legal were the legal advisors. PwC Corporate Finance acted as the exclusive financial advisor to Vidal Health.

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