EXL Finalizes Acquisition of SCIO Analytics

July 3, 2018
Expanding its footprint in healthcare analytics, New York-based EXL Service Holdings, Inc. has finalized the acquisition of SCIOInspire Holdings, a West Hartford, Conn.-based healthcare analytics solution company, doing business as SCIO Health Analytics.

Expanding its footprint in healthcare analytics, New York-based EXL Service Holdings, Inc. has finalized the acquisition of SCIOInspire Holdings, a West Hartford, Conn.-based healthcare analytics solution company, doing business as SCIO Health Analytics.

EXL is an operations management and analytics company. The deal closed at $236.5 million. Company officials said the combined resources help broaden the healthcare footprint of both organizations while deepening analytics capabilities.

Rohit Kapoor, EXL vice chairman and CEO said in a statement, “SCIO adds important elements to EXL’s healthcare growth strategy by complementing our capabilities to sell and deliver more complex clinical work and enlarge our payment integrity services with a focus on fraud, waste and abuse across healthcare payers, pharmacy benefit managers, healthcare providers and life sciences companies. The addition of SCIO’s 1,100 employees to EXL’s 2,000+ clinicians and 3,000+ data scientists worldwide significantly increases our ability to scale to meet the needs of our healthcare clients,” Kapoor said.

Siva Namasivayam, co-founder and chief executive officer, SCIO, said in a press release, “From its founding, SCIO has been dedicated to driving positive change by helping our clients effectively manage critical issues such as the transition to value-based care. We are excited to combine our analytics capabilities and deep healthcare expertise with those of EXL, who is already a world-class global services provider and recognized leader in healthcare analytics.”

 Pointing to SCIO’s track record Krishna Kottapalli, chief growth officer and co-founder said, “From our founding in 2007 to today, SCIO has experienced substantial year-over-year growth across the payer, provider, and life sciences segments. We have done this by keeping a laser focus on what is important to our clients – delivering insights and tangible outcomes through a flexible engagement model that helps them succeed in a dynamic environment. Going forward, we will continue to focus on the client experience and look to create even deeper relationships with our clients. “

SCIO’s significant early investors include Sequoia India, Health Enterprise Partners and Saama Capital.  TripleTree, LLC served as the exclusive strategic and financial advisor to SCIO in the transaction.

Sponsored Recommendations

How AI-Native Locating Intelligence Revolutionizes the RTLS market

Discover how leveraging an RTLS solution with artificial intelligence as the location engine can increase efficiency, improve safety, and elevate care without the compromises ...

Harnessing the True Power of Cultural, Clinical and Operational Data

Optimize healthcare performance by combining clinical, operational, and cultural insights. A deeper understanding of team factors improves care and resource management.

How Digital Co-Pilots for patients help navigate care journeys to lower costs, increase profits, and improve patient outcomes

Discover how digital care journey platforms act as 'co-pilots' for patients, improving outcomes and reducing costs, while boosting profitability and patient satisfaction in this...

5 Strategies to Enhance Population Health with the ACG System

Explore five key ACG System features designed to amplify your population health program. Learn how to apply insights for targeted, effective care, improve overall health outcomes...