Latest News
Transworld Systems Acquires Financial Services Business of Altisource Portfolio Solutions
Thursday 11 July 2019

11 July 2019 - US-based accounts receivable management, healthcare revenue cycle and loan servicing solutions provider Transworld Systems Inc. has completed its purchase of the Altisource Financial Services business including Nationwide Credit, Inc. from Altisource Portfolio Solutions S.A., the company said.
The Altisource Financial Services business and NCI is a provider of collections, customer relationship management, and call center outsourcing for financial, retail credit, mortgage servicing, insurance, utility, and hospitality industries, with approximately 2,300 employees and operations centers in the United States, India, and the Philippines.
Transworld Systems Inc. is the provider of outsourced accounts receivable management, healthcare revenue cycle management and loan servicing solutions.
TSI uses proprietary predictive analytics to collect on consumer and business debt to help its clients accelerate cash flow and improve operational efficiency.
The company's clients include Fortune 100 corporations, hospitals, financial institutions, governmental organizations, and small businesses.
Details
Date Published: 11/07/2019
Target: Altisource Financial Services business
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Vendor: Altisource Portfolio Solutions
Buyer: Transworld Systems Inc.
Comment:
Terms of the deal were not disclosed

Options