Acquisitions13 Jan 2026, 08:57 pm
Firstsource Solutions Ltd Acquires 100% Ownership in TeleMedik for Up to USD 3.0 Million
AI Summary
Firstsource Solutions Ltd, through its step-down subsidiary Firstsource Health Plans and Healthcare Services, LLC (Firstsource HPHS), has executed a share purchase agreement (SPA) with the shareholders of Jaye Inc. d/b/a TeleMedik (TeleMedik) for the acquisition of 100% ownership in TeleMedik. The consideration for the acquisition will not exceed USD 3.0 million, and the transaction is subject to terms set out in the SPA. Upon completion of the transaction, TeleMedik will become a subsidiary of Firstsource HPHS and a step-down subsidiary of Firstsource Solutions Ltd.
Key Highlights
- Firstsource Solutions Ltd to acquire 100% ownership in TeleMedik for up to USD 3.0 million
- Acquisition to be made through step-down subsidiary Firstsource Health Plans and Healthcare Services, LLC
- TeleMedik offers healthcare and telehealth solutions and is based in Puerto Rico
- Transaction is subject to terms set out in the share purchase agreement
- Upon completion, TeleMedik will become a step-down subsidiary of Firstsource Solutions Ltd