New York, NY, USA, May 1, 2018 -- EXL (NASDAQ:EXLS), an operations management and analytics company, announced that it has signed a definitive agreement to acquire SCIOInspire(R)Holdings, Inc. (SCIO(R)), a West Hartford Connecticut-based healthcare analytics solution and services company (doing business as SCIO Health Analytics).
Rohit Kapoor, EXL Vice Chairman and Chief Executive Officer stated, "The acquisition will strengthen EXL's capability in the high growth cost optimization and care optimization markets. SCIO's analytical tools and expertise in healthcare claims payment and care optimization expands EXL's market-leading advanced analytics and healthcare capabilities. Combining the talented team at SCIO to our team of 2,000+ clinicians and 3,000+ data scientists worldwide significantly increases our ability to scale to meet the needs of larger clients and increases our reach into pharmacy benefit managers, healthcare providers and life sciences companies."
"SCIO is dedicated to driving positive change by helping our clients effectively manage the transition to value-based care," said Siva Namasivayam, Founder and Chief Executive Officer, SCIO. "We are excited to join EXL, a world-class operations management and analytics Company and a recognized leader in healthcare analytics. Together, our combined synergies and innovation in end-to-end cost recovery, care management and population risk management delivers powerful solutions to our clients - helping healthcare organizations achieve optimal outcomes while reducing the total cost of care."
Posted by Veronica Silva Cusi, news correspondent
About EXL Service:
EXL is a provider of offshore business process outsourcing solutions to the Global 1000.
Published: Thursday, May 3, 2018
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