Firstsource Solutions gains 5% on acquisition of PatientMatters

The management said this strategic acquisition magnifies strong patient-centric revenue management capabilities and creates adjacent areas for growth for the company

Shares of Firstsource Solutions traded 5 per cent higher at Rs 79 on the BSE on Wednesday after the company announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. On Tuesday, Firstsource's stock had recovered 19 per cent from its intra-day low of Rs 66.50 on the BSE. It hit a 52-week high of Rs 81.75, on December 17, 2020.

Firstsource Solutions, a RP-Sanjiv Goenka Group company, is a global provider of Business Process Management (BPM) services.

PatientMatters unifies disparate registration, bill estimation, and financial services with intelligent workflows and eligibility services,