Announced
Completed
Financials
Tags
India
revenue cycle management
Business Process Outsourcing
Acquisition
Domestic
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
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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