Bajaj Finserv Health Acquires Vidal Healthcare for Rs 325 Crore

Bajaj Finserv Health, a wholly owned subsidiary of Bajaj Finserv, acquired the entire stake in Vidal Healthcare Services for an enterprise value of Rs 325 crore. The medical technology company in Pune has more than 100,000 doctors, 5,500 laboratories and 2,100 hospitals. It is also a partner of Ayushman Bharat Digital Mission and a key player in facilitating health transactions in the network of integrated health interfaces.

The acquisition, valued at an enterprise value of Rs 325 crore, is expected to be completed by March. Once the transaction is completed, Vidal and its subsidiaries will become subsidiaries of Bajaj Health, the companies said in a statement.

The acquisition will help expand Bajaj Health's ability to better meet the needs of its hospital customers, the statement said.

Mumbai-based Vidal Healthcare is a leading healthcare operator, and its wholly-owned subsidiary, Vidal Health Insurance TPA, provides revenue of over Rs 5 billion and 130 million lives. Working on corporate group policies, commercial insurance, and government health programs is essential. Vidal offers insurtech solutions for some global clients and knowledge delivery services to international healthcare insurers and operators.

With this acquisition, Bajaj Health can offer its customers OPD benefits, wellness, and awareness, said Devang Mody, CEO of Bajaj Finserv Health. He added that Vidal TPA will retain its current senior management team to ensure continued service to its existing clients.

The transaction, advised by JM Financial, demonstrates Vidaland's commitment to remaining at the forefront of the healthcare industry by providing innovative and flexible solutions to its customers, according to Girish Rao, president and CEO of Vidal Health.