Firstsource Solutions completed the acquisition of Quintessence Business Solutions & Services for $40m.

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, for $40m. "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.