M&A

M&A

Fornax acquires Exterprise’s healthcare RCM business

Exterprise  

Fornax, a Bangalore-based business services & BPM firm, has acquired the Healthcare Revenue Cycle Management (RCM) business of Dallas, TX (USA)- and Chennai & Coimbatore, India-based Exterprise .Spark Financial Holdings acted as the exclusive financial advisor to Exterprise on the deal.Founded in 2015, Exterprise offers a range of RCM solutions from payment to account receivables, ensuring accelerated cash flow, faster revenue realisation, and profitability of customers.Fornax, backed by Carpediem Capital, is a digitally driven Business Services/BPM platform that started operations in 2022. Fornax offers a range of services to its 100+ customers through its 27,000+ employees, including staff augmentation, IT staffing/services, gig workforce, engineering Services, BPM, and others.