Sagility India shares hit a 5% upper circuit after its step-down subsidiary, Sagility LLC, announced the acquisition of BroadPath Healthcare Solutions for Rs 502 crore. This acquisition marks a transformative move for Sagility, enhancing its position in the healthcare sector.
By acquiring BroadPath, Sagility solidifies its presence in the U.S. payer market, gaining access to six of the top 10 U.S. payers. This strategic acquisition also diversifies Sagility’s client base, adding over 30 mid-market clients, including payers, third-party administrators, and healthcare providers, expanding the company’s revenue potential.
The move also strengthens Sagility’s capabilities in member acquisition and enrollment services, particularly within Medicare and Medicaid, aligning with its multi-shore delivery model to offer enhanced value to clients. Additionally, BroadPath’s work-from-home platform, Bhive, contributes to operational efficiencies, optimizing employee engagement and productivity—key benefits in today’s remote work environment.
Financially, the acquisition is expected to be accretive to earnings per share (EPS) from day one, with BroadPath generating approximately US$ 70M in revenue.
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