EXLService Acquires SCIO Health Analytics for $236.5M

7/4/18

Bolstering its Healthcare Analytics Practice Adding Leading Payment Integrity and Population Risk Management Capabilities

EXLService Holdings, Inc. (NASDAQ: EXLS), a leading operations management and analytics company, announces that on July 1 it has closed the acquisition of SCIOInspire Holdings, Inc., a West Hartford Connecticut-based leading healthcare analytics solution and services company (doing business as SCIO Health Analytics). The aggregate merger consideration is $236.5 million, subject to certain post-closing adjustments.

Rohit Kapoor, EXL Vice Chairman and Chief Executive Officer stated, “This acquisition broadens and accelerates EXL’s market-leading advanced analytics and healthcare capabilities which combine our data and domain expertise to provide healthcare organizations actionable insights, innovative solutions, optimal outcomes and reduce our client’s total cost of care.”

“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.”

EXL funded the purchase with available cash on hand and borrowing from its credit facility.

About EXL

EXL (NASDAQ: EXLS) is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. Our delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework®, cutting-edge analytics, digital transformation and domain expertise. At EXL, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 27,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Colombia, Australia and South Africa. For more information, visit http://www.exlservice.com

About SCIO®

SCIO is a leading health analytics solution and services company serving over 100 healthcare organizations representing over 130 million covered lives across the continuum including providers, health plans, PBMs, employers, health services and global life sciences companies. Headquartered in West Hartford, Connecticut, SCIO has more than 1,100 professionals in locations throughout the United States, the United Kingdom and India.

SCIO provides scalable predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations identify opportunities and prescribe actions to drive operational performance and address the healthcare waste epidemic while improving care quality. SCIO is dedicated to helping our clients achieve outcomes and decrease total cost of care. For more information visit: http://www.sciohealthanalytics.com

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