MUMBAI: In the second-largest takeover of an overseas business process outsourcing (BPO) firm by an Indian company, Firstsource Solutions has announced the acquisition of US-based MedAssist for $330 million. This is the third acquisition for Firstsource in the US, and its seventh in all.
The news drove up Firstsource shares nearly 10% to Rs 79.40 on BSE on Wednesday.
With revenues of $99 million in 2006, Louisville, Kentucky-based MedAssist is among the largest firms providing revenue cycle management services to the healthcare sector in the US. The buyout will give Firstsource a footprint in the hospital side of the healthcare business.
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Thursday, August 30, 2007
Firstsource Solutions buys MedAssist for $330 mn
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