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Announced

Completed

Firstsource Solutions completed the acquisition of Quintessence Business Solutions & Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

revenue cycle management

Business Process Outsourcing

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Firstsource Solutions, a provider of business process management service, completed the acquisition of Quintessence Business Solutions & Services, a company specialised in outsourced revenue cycle management services and technology. Financial terms were not disclosed. "This acquisition significantly expands our RCM capabilities as Quintessence’s cutting-edge data & AI-driven technology, and proven teams, will be highly complementary to Firstsource’s existing strengths, allowing us to offer a truly best-in-class, technology-led end-to-end RCM capability to provider organizations of all sizes and compositions. We expect the combined competencies of Firstsource and Quintessence to be highly synergistic, bringing unmatched solutions and significant benefits to both our clients and our organization,” Ritesh Idnani, Firstsource Solutions Managing Director and CEO.

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