Firstsource Solutions hits 52-week high; rises for 3rd straight session

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Firstsource Solutions hits 52-week high; rises for 3rd straight session


MUMBAI: Firstsource Solutions rose for the third straight session and logged a 52-week high on Thursday, extending gains as the company announced this week the acquisition of PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider.

At 9:49 am, Firstsource Solutions was up 6.20 per cent at Rs 84.80. It had hit a 52-week high of Rs 85 in early trade. Meanwhile, Sensex advanced 0.66 per cent to 46,749.06 points.

The stock has gained nearly 14 per cent over the last three sessions, and has more than doubled for the year to date.

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, improving revenue realization for Hospitals.

The acquisition complements Firstsource’s Provider Business on two dimensions: strengthening presence in large markets like Texas and New York and adding new capabilities of pre-authorization and patient bill estimation at the front-end of the RCM cycle, the company had said in a press release.





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