RoundTable Completes MedAssist Sale

RoundTable Healthcare Partners has completed its sale of MedAssist Holding Inc. to an affiliate of Firstsource Solutions Ltd., a listed business process outsourcing company based in Mumbai, India. The deal was valued at $330 million in cash. MedAssist is a Louisville, Ky.-based provider of outsourced revenue cycle management services to the healthcare industry, including eligibility services, receivable management services, and collections services. 

RoundTable acquired a majority stake in 2004, and supported subsequent acquisitions of Argent Healthcare Financial Services, Twin Medical Transaction Services and Capstone Solutions LLC.