Mumbai, March 26 -- The agency has assigned 'CARE A1+' rating to the long-term facilities of Medi Assist Healthcare.

Care Ratings stated that the rating assigned to Medi Assist Healthcare Services (MAHS) factor in the company's leadership position in the insurance third-party administrator (TPA) industry, experienced management, tie-ups with all major insurance companies and established relationships with large, reputed corporates, and company's strong financial risk profile.

Ratings are further underpinned by sustained improvement in operational performance with increased volume of business, strong liquidity, and improving cash flow from operations.

These rating strengths are partially offset by intensely competitive and fragmented in...