Agile Equity: Transactions
$40,000,000 - Firstsource Solutions, Ltd (NSE:FSL) Acquires Business Process Management, Inc.
Mumbai, India
January 4, 2007
Firstsource Solutions, Ltd. has acquired BPM, Inc. a health-care claims outsourcing company in Kansas City, Kansas, and its two wholly owned operating subsidiaries, MedPlans 2000 and MedPlans Partners. Firstsource paid approximately $40.0 million for BPM according to informed sources. The company has not disclosed the acquisition price. BPM currently has over 300 employees across three centers in Rockford, Illinois; Fort Scott, Kansas; and Louisville, Kentucky. Firstsource will not move any of the jobs to India, Firstsource said.
Firstsource of Mumbai employs over 9,000 employees across 17 delivery centers in India, the U.K., the U.S., Argentina, and a center under development in the Philippines.
Agile Equity has executed large
transactions, such as representing
Firstsource, a public Indian company,
on its $330,000,000 acquisition of
MedAssist in the US, and smaller
transactions, such as representing
Pelican Security, a private Israeli
company, on its acquisition by
Microsoft.
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