Firstsource Solutions’ subsidiary, Firstsource HPHS, will acquire TeleMedik for a consideration not exceeding USD 3.0 million. This acquisition aims to strengthen Firstsource’s presence in clinical care services and enhance access to the US provider and payer ecosystem. TeleMedik, a Puerto Rico-based company, provides outsourced healthcare and telehealth solutions. The transaction was completed on January 13, 2026.
Acquisition Overview
Firstsource Health Plans and Healthcare Services (Firstsource HPHS), a step-down subsidiary of Firstsource Solutions Limited, has executed a share purchase agreement to acquire 100% ownership in TeleMedik. The acquisition was completed on January 13, 2026.
Deal Terms
The consideration for the acquisition will not exceed USD 3.0 million. The deal’s structure includes both upfront payments and potential earn-outs. Post-acquisition, TeleMedik will become a subsidiary of Firstsource HPHS and, in turn, a step-down subsidiary of Firstsource Solutions Limited.
Strategic Rationale
This acquisition is expected to expand and strengthen Firstsource’s presence in clinical care services. It provides enhanced access to the US provider and payer ecosystem, aligning with the company’s growth strategy in the healthcare sector.
Target Company Profile
TeleMedik is a Puerto Rico-based outsourced service provider specializing in healthcare and telehealth solutions. Incorporated on December 26, 1995, TeleMedik’s financials are as follows:
- Jan 2024 – Dec 2024: USD 14.8 million
- Jan 2023 – Dec 2023: USD 14.2 million
- Jan 2022 – Dec 2022: USD 12.7 million
Source: BSE
