Medusind acquires Chennai BPO firm

MUMBAI: Medusind Solutions, a BPO player in healthcare sector, has acquired Chennai based SRF Infotech, the healthcare outsourcing business of SRF Ltd for Rs 3 crore. The company will hold the management as well as acquire the business assets of SRF through this investment.

Medusind Solutions, director, Rajiv Sahney said, "We have taken an inorganic route to grow rapidly globally. This acquisition allows us to significantly enhance our delivery platform in terms of skills and infrastructure. We will be the first in the healthcare market to provide disaster recovery and business continuity planning using redundant facilities to our clients".

Avendus Advisors, an investment banking firm, was the advisor for the transaction. According to Medusind, this investment will help it in establishing a robust disaster recovery platform and provide access to a vast talent pool of trained healthcare experts and thereby address global risk management issues in outsourcing.

Medusind is a healthcare offshore service provider working with clients across the entire healthcare spectrum, covering hospitals, physician groups, insurance companies and third party administrators. It provides revenue cycle management, claim processing and adjudication, contracted revenue recovery, and marketing services directly, and provides medical transcription services through a joint venture with Precyse Solutions.






SRF Infotech has been providing voice and data services to US healthcare clients for the last one year. It has a fully operational facility with leased line connectivity to the US.

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