CBay acquires Certus's business

Mumbai, Apr 11 (UNI) CBay Systems, a healthcare BPO major, has acquired the accounts receivable and reimbursement management division of the US-based Certus Corporation for an undisclosed sum, a release issued here today stated.

This division of Certus, which delivers client-specific solutions for hospitals and physician groups based in the US, was acquired by CBAY through its group company Mirrus Systems, Inc.

This acquisition will enable CBAY to expand its entry into patient financial services in a major way, stated the release, adding that the acquisition also brings with it a complete and robust service offering, thus, helping CBAY augment value to its already existing healthcare services customers.

With this acquisition, which has been funded by the EXIM Bank and IL&FS, CBay has forecast a USD 13 million surge in revenues to its top line growth for this year.

Commenting on the acquisition, CBay Systems Chairman and CEO Raman Kumar said,''This acquisition is a part of CBay's overall business strategy to strengthen its footprint in the US and expand its technology-based service solutions to the healthcare receivables market and is a perfect strategic fit for CBay as it provides a well-established software platform to its healthcare customer base.'' UNI JJ KU VKG1619