Raksha TPA and UAE-based business group form healthcare JV
Posted by dealcurry on March 8, 2007
Haryana-based Raksha TPA, India’s third-largest health insurance claims administrator, has set up a joint venture with UAE-based industrial conglomerate Rais Hassan Sadi in Dubai. Rais Hasan Sadi is a 92-year old business group with interests ranging from shipping to real estate. The JV, to be called as RHS-Raksha TPA, with Raksha holding 49% and RHS holding the balance, will seek to direct patients needing tertiary healthcare to hospitals in India. Tertiary healthcare is specialized medical services that include cancer care, neurosurgery and burns care.
Initially, RHS-Raksha will empanel hospitals in Abu Dhabi and Sharjah and later Oman for cashless treatment of health insurance policyholders. For tertiary care cases, the JV will consider sending patients to Raksha’s network of hospitals in India.
Ritu Nanda, chairperson and CEO of RNIS College of Insurance, and Rajan Nanda of Escorts together hold 60% stake in Raksha TPA and the other 40% is held by Naresh Trehan, executive director of Escorts Heart Institute.
Read the Business Standard article.
