firstsource-makes-330-million-us-acquisition

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 organically grow our top-line by 50% during the course of the current fiscal year,ö says Ananda Mukerji, managing director and CEO of Firstsource in an exclusive interview with FinanceAsia. ôWe are maintaining that...
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