Firstsource makes $330 million US acquisition
The leading Indian BPO significantly grows its annual turnover by acquiring MedAssist, a company that helps US healthcare providers manage revenues.
Firstsource Solutions, an Indian business process outsourcing firm, is to acquire US-based MedAssist Holding for $330 million.
MedAssist's revenues for calendar 2006 were $99 million. At the acquisition price of $330 million, this translates to a revenue multiple of 3.33 times. For the most recent fiscal year ended March 2007, FirstSource had revenues of $207 million thus it is growing revenues by around 48% via the MedAssist acquisition.
ôWe had given guidance that we would...
To continue reading, please login or register for free