India's seventh largest BPO, FirstSource seems to be on a shopping spree. According to sources, Firstsource is likely to bid for US-based outsourcing firm MedAssist - that provides cash management solutions to the US healthcare industry, reports CNBC-TV18.
MedAssist's financials are not known, as it is a private company. But sources say the deal value could be close to USD 300 million. MedAssist has 1,400 employees and over 900 clients.
For Firstsource, which listed in February this year, the growth strategy seems to be acquisition driven. In the last five years, it has acquired six companies, spending a total of USD 146 million. They are small acquisitions but they have boosted growth. FirstSource revenues have grown an average 82% per year over the last four years.
Read more in The Moneycontrol article.
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