M&A Deal Summary

Firstsource Solutions Acquires MedAssist

On August 29, 2007, Firstsource Solutions acquired healthcare services company MedAssist from RoundTable Healthcare Management for 330M USD

Acquisition Highlights
  • This is Firstsource Solutions’ 1st transaction in the Healthcare Services sector.
  • This is Firstsource Solutions’ largest (disclosed) transaction.
  • This is Firstsource Solutions’ 1st transaction in the United States.
  • This is Firstsource Solutions’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2007-08-29
Target MedAssist
Sector Healthcare Services
Buyer(s) Firstsource Solutions
Sellers(s) RoundTable Healthcare Management
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

MedAssist

Louisville, Kentucky, United States
MedAssist, Inc. is a provider of outsourced revenue cycle management services to the healthcare industry, including eligibility services, receivable management services, and collections services.

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Buyer(S) 1

Buyer

Firstsource Solutions

Mumbai, India
Category Company
Founded 2001
Sector Business Services
Employees27,940
Revenue 63.3B INR (2024)
DESCRIPTION

Firstsource Solutions is a provider of offshore BPO services to clients primarily in the BFSI, telecommunications and media and healthcare industries. Firstsource Solutions was founded in 2001 and is based in Mumbai, India.

DEAL STATS #
Overall 1 of 6
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Kentucky) 1 of 1
Country (United States) 1 of 5
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-19 NanoBI Data and Analytics Pvt.

Bangalore, India

nanobi data and analytics private limited is a software product company whose mission is to provide businesses with products and analytic.

Buy -

Seller(S) 1

SELLER

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. RoundTable was formed in 2001 and is based in Lake Forest, Illinois.

DEAL STATS #
Overall 3 of 22
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 14
State (Kentucky) 1 of 1
Country (United States) 2 of 21
Year (2007) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-02 Vesta

Franklin, Wisconsin, United States

Vesta, Inc. is a manufacturer and supplier of disposable silicone medical products and precision thermoplastic extrusion tubing. Major products include catheters, wound and body drains, surgical tubing, instrument seals and valves and other surgical device components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-31 Ascent Healthcare Solutions

Phoenix, Arizona, United States

Ascent Healthcare Solutions, Inc. is an independent third-party reprocessor of single-use medical devices in the healthcare industry.

Sell $525M
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