Firstsource Solutions,a global BPM services provider, has acquired PatientMatters, a Florida-based healthcare revenue cycle management (RCM) solutions provider, for $13 million in an all-cash deal.
“Firstsource Solutions USA, LLC, USA, a wholly owned subsidiary of MedAssist Holding, LLC, a step-down subsidiary of the company, has entered into membership interest purchase agreement to acquire 100% stake in PatientMatters, LLC, a leading RCM solutions provider with focus on US healthcare providers (hospitals),” the company said in a stock exchange filing on Wednesday.
Firstsource, an RP-Sanjiv Goenka Group firm, said PatientMatters unifies disparate registration, bill estimation and financial services with intelligent workflows. Sanjiv Goenka, RP-Sanjiv Goenka Group chairman, said the acquisition magnifies Firstsource’s strong patient-centric revenue management capabilities and creates adjacent areas for growth. “The integrated brand strategy will create a seamless organisation with unparalleled service capabilities and geographic reach,” Vipul Khanna, MD and CEO, Firstsource, said.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.