Firstsource Solutions jumped 5.43% to Rs 79.65 after the company said it acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider.
The transaction was executed and closed on 22 December 2020 and total cost of the said acquisition is $13 million. A Century Equity Partners portfolio company, PatientMatters is headquartered in Orlando, Florida with operations across the US. It unifies disparate registration, bill estimation, and financial services with intelligent workflows and eligibility services, improving revenue realization for hospitals.
The acquisition complements Firstsource s provider business on two dimensions as it strengthens the company s presence in large markets like Texas and New York while adding new capabilities of pre-authorization and patient bill estimation at the front-end of the RCM cycle.
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