Firstsource Solutions announced it has acquired MedAssist Holding, Inc., a leading provider of revenue cycle management in the healthcare industry in the US. The company has over 1,000 clients including hospitals, large physician groups and alternate site providers. The acquisition is valued at $330 million. MedAssist had revenue of $99 million for year ended 31 December, 2006
On 14 August 2007, Firstsource Solutions board of directors approved the proposal for merger of healthcare outsourcer RevIT Systems, a wholly owned subsidiary of the company with the company.