Sagility India acquires US healthcare company for Rs 502 cr

Bengaluru: Shares of Bengaluru-based Sagility India Ltd, a technology-enabled services provider in the healthcare space, hit the upper circuit during the trading session on Thursday. It was locked in the upper circuit of 5 per cent to Rs 47.73, with a market cap of Rs 22,340 crore.

The trigger was Sagility India's step-down subsidiary, Sagility LLC, finished the 100 per cent acquisition of US healthcare-focused services company BroadPath Healthcare Solutions for Rs 502 crore, in cash consideration, late on Wednesday night.

Sagility aims to accelerate growth in the mid-market payer segment with this acquisition, which brought in more than 30 new clients. These clients include payers, third-party administrators, pharmacy benefit managers, and healthcare providers.

BroadPath operates a work-from-home delivery model with over 1,600 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 will add another top-10 US payers to our list of clients as well as increase our footprint with two other existing top-10 payer clients. Post-acquisition, Sagility will serve six of the top-10 payers in the US, solidifying our leadership in the market,” said Sagility in a regulatory filing.

They added, “The acquisition of Broadpath will be accretive to earnings per share from day one. Acquiring Broadpath, with revenues of about $70 million, will drive shareholder value, further by attractive cross sell synergies and economies of scale.”

As this is a US domiciled business there is no statutory requirement for its financial statements to be audited under local laws, the company said.

Sagility India made its market debut in November 2024.