Firstsource Solutions’ step-down subsidiary, Firstsource Health Plans and Healthcare Services (HPHS), has acquired 100% ownership of Puerto Rico-based TeleMedik for up to USD 3 million. The deal strengthens Firstsource’s position in the US healthcare contact centre space, expanding its clinical care capabilities and access to the provider-payer ecosystem.
Firstsource Solutions Limited has announced that its US-based step-down subsidiary, Firstsource Health Plans and Healthcare Services (HPHS), has completed the acquisition of Jaye Inc., which operates as TeleMedik. The healthcare and telehealth service provider, headquartered in Puerto Rico, is now a wholly owned subsidiary of Firstsource HPHS.
The deal, valued at up to USD 3 million, was executed and closed on January 13, 2026, through a share purchase agreement with existing TeleMedik shareholders. The acquisition will help Firstsource enhance its clinical care services portfolio and deepen its integration with the US healthcare ecosystem.
Key Developments:
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Transaction executed and closed on January 13, 2026
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100% ownership acquired by Firstsource HPHS in TeleMedik
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Consideration capped at USD 3 million, including earn-outs
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Deal structured as a cash transaction
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No related-party involvement identified
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Aims to strengthen access to the US providers and payers network
Sources: Stock Exchange Filing (BSE / NSE), Company Announcement