Sagility India touches roof on acquiring BroadPath Healthcare Solutions
Sagility India is locked its upper circuit limit at Rs. 47.73, up by 2.27 points or 4.99% from its previous closing of Rs. 45.46 on the BSE.
The scrip opened at Rs. 47.73 and has touched a high and low of Rs. 47.73 and Rs. 47.73 respectively. So far 294646 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.44 on 30-Dec-2024 and a 52 week low of Rs. 27.02 on 13-Nov-2024.
Last one week high and low of the scrip stood at Rs. 48.50 and Rs. 41.14 respectively. The current market cap of the company is Rs. 22343.98 crore.
The promoters holding in the company stood at 82.39%, while Institutions and Non-Institutions held 11.03% and 6.58% respectively.
Sagility India has acquired BroadPath Healthcare Solutions. BroadPath operates a work-from-home delivery model with over 1600 employees located across the US and Philippines. Its service portfolio includes member engagement, member acquisition, claims and appeals administration, provider enrollment and credentialing.
The acquisition of BroadPath aligns with Sagility’s strategy to diversify its client base and add new capabilities to its services portfolio. This acquisition significantly expands Sagility’s market presence, adding more than 30 new clients. It further strengthens Sagility’s position among the top ten largest health plans in the US. In addition, the acquisition gives Sagility the opportunity to cross-sell its broad service offerings to several mid-market clients including payers, third-party administrators, pharmacy benefit managers and providers. BroadPath’s member acquisition services will be a new capability addition to Sagility’s offerings.
BroadPath has been a pioneer in the work-from-home model even before the COVID-19 pandemic. Their proprietary Bhive platform improves employee engagement and optimizes operating metrics in a work-from-home model ensuring superior experience for employees and clients alike.
Sagility India provides technology-enabled business solutions and services to clients in the U.S. healthcare industry.
