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Wired News – ExlService Holdings to Acquire SCIO Health Analytics(R) for $240 Million

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LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free research report on ExlService Holdings, Inc. (NASDAQ: EXLS) ("ExlService"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EXLS as the Company's latest news hit the wire. On May 01, 2018, the Company announced that it has inked a deal to acquire SCIO Health Analytics® (SCIO®), a West Hartford Connecticut-based leading healthcare analytics solution and services company, for approximately $240 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:


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Deal Details

  • The purchase consideration is subject to adjustment based on, among other things, SCIO®`s cash, debt, working capital position and other adjustments set forth in the Merger Agreement;
  • ExlService will fund the transaction with available cash on hand and borrowing from its credit facility.
  • The acquisition, likely to close in the next three months, is subject to the fulfillment of certain closing conditions, including regulatory and other customary consents.
  • TripleTree, LLC served as the exclusive strategic and financial advisor to SCIO®.

Deal Benefits

The acquisition will strengthen ExlService`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 ExlService`s market-leading advanced analytics and healthcare capabilities. Combining the talented team at SCIO® to ExlService's team of 2,000+ clinicians and 3,000+ data scientists worldwide will increase the Company's ability to scale to meet the needs of larger clients and increases its reach into pharmacy benefit managers, healthcare providers, and life sciences companies.

Combined Synergies and Innovation will Help Healthcare Organizations Achieve Optimal Outcomes

Commenting on the acquisition, Siva Namasivayam, SCIO®'s Founder and Chief Executive Officer, stated that SCIO® is happy to join ExlService, a world-class operations management and analytics Company and a recognized leader in healthcare analytics. Siva added that together, the combined synergies and innovation in end-to-end cost recovery, care management and population risk management delivers powerful solutions to clients, helping healthcare organizations achieve optimal outcomes while reducing the total cost of care.

ExlService 2018 First Quarter Financial Results

On May 01, 2018, ExlService announced its financial results for the quarter ended March 31, 2018 (Q1 FY18). The Company delivered strong revenue growth and profitability in Q1 FY18, driven by demand from its existing clients and the ramp-up of 2017 wins. Revenues were $207.0 million, up 13.1% year-over-year, and adjusted diluted earnings per share (EPS) was $0.64. ExlService's revenue growth was broad-based, led by a 16.5% increase in Analytics revenues and an 11.8% increase in its Operations Management businesses.

ExlService's Recent Acquisition Deal

On December 26, 2017, the Company closed the acquisition of substantially all of the assets of Health Integrated, Inc., a Tampa-based healthcare company that specializes in providing care management on behalf of health plans. Health Integrated mainly served the Medicaid, Medicare, and dual-eligible populations. The acquisition broadened ExlService's capabilities in healthcare. Health Integrated had a differentiated care management offering that focused on behavioral change to improve the health status of the members it served. Terms of the transaction were not disclosed.

About ExlService Holdings, Inc.

Founded in 1999 and headquartered in New York City, New York, ExlService is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. ExlService serves the insurance, healthcare, banking and financial services, utilities, travel, transportation, and logistics industries.

About SCIO Health Analytics®

SCIO® is a leading health analytics solution and services company serving over 100 organizations representing over 130 million covered lives across the healthcare continuum including providers, health plans, PBMs, employers, health services and global life sciences companies. SCIO® provides scalable predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations create the understanding that drives change and proven outcomes.

Stock Performance Snapshot

May 02, 2018 - At Wednesday's closing bell, ExlService's stock dropped 2.62%, ending the trading session at $53.79.

Volume traded for the day: 133.84 thousand shares.

Stock performance in the past twelve-month period – up 10.59%

After yesterday's close, ExlService's market cap was at $1.81 billion.

Price to Earnings (P/E) ratio was at 23.97.

The stock is part of the Services sector, categorized under the Business Services industry.


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