Firstsource Solutions (formerly ICICI OneSource) has announced that it has completed the acquisition of BPM, a Delaware-based healthcare claims outsourcing company.
The acquisition includes BPM’s two wholly-owned operating subsidiaries, MedPlans 2000 and MedPlans Partners. This is the second acquisition of a US company by Firstsource. In September 2004, it had acquired Account Solutions Group.
The acquisition should help Firstsource bolster its proposition in the healthcare vertical adding capability in complex claims adjudication. The healthcare vertical is one of three focus verticals for Firstsource Solutions.
Source(s): Firstsource Solutions