EXL Completes Acquisition of Care Management Firm Health Integrated
December 26 2017 - 10:00AM
EXL (NASDAQ:EXLS), a leading operations management and analytics
company, today announced that it has closed the acquisition of
substantially all of the assets of Health Integrated, Inc. (“Health
Integrated”), a Tampa-based healthcare company that specializes in
providing care management on behalf of health plans. Health
Integrated mainly serves the Medicaid, Medicare, and dual-eligible
populations.
Rohit Kapoor, EXL Vice Chairman and Chief
Executive Officer stated, “This acquisition broadens EXL’s
capabilities in healthcare. Health Integrated has a differentiated
care management offering that focuses on behavioral change to
improve the health status of the members it serves. Further,
Health Integrated brings a talented group of clinicians and
healthcare professionals based in the U.S. to support the
end-to-end clinical operations we manage for our clients.”
Health Integrated offerings include multichronic
care management, special needs programs, utilization management and
case/disease management. It currently supports more than five
million health plan members.
“Health Integrated has developed a unique,
integrated medical-behavioral model that manages the health status
of Medicaid and Medicare members.” said Rembert de Villa, Executive
Vice President and Global Head of Healthcare, EXL. EXL
Healthcare will bring its CareRadius® care management platform as
well as leading edge analytics into Health Integrated’s
operations. In turn, Health Integrated’s clinical staff and
capabilities will serve as the foundation for EXL Healthcare’s US-
based clinical delivery.”
Health Integrated will become part of EXL
Healthcare and continue to be based in Tampa, Florida. Terms
of the transaction were not disclosed.
About ExlService Holdings,
Inc.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
www.exlservice.com.
Continuing Statement Regarding
Forward-Looking Statements This press release contains
forward-looking statements. You should not place undue reliance on
those statements because they are subject to numerous uncertainties
and factors relating to EXL's operations and business environment,
all of which are difficult to predict and many of which are beyond
EXL’s control. Forward-looking statements include information
concerning EXL’s possible or assumed future results of operations,
including descriptions of its business strategy. These statements
may include words such as “may,” “will,” “should,” “believe,”
“expect,” “anticipate,” “intend,” “plan,” “estimate” or similar
expressions. These statements are based on assumptions that we have
made in light of management's experience in the industry as well as
its perceptions of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
under the circumstances. You should understand that these
statements are not guarantees of performance or results. They
involve known and unknown risks, uncertainties and assumptions.
Although EXL believes that these forward-looking statements are
based on reasonable assumptions, you should be aware that many
factors could affect EXL’s actual financial results or results of
operations and could cause actual results to differ materially from
those in the forward-looking statements. These factors are
discussed in more detail in EXL’s filings with the Securities and
Exchange Commission, including EXL’s Annual Report on Form 10-K for
the year ended December 31, 2016, including without limitation in
the risk factors related to strategic acquisitions or transactions
and our ability to achieve long-term benefits as a result thereof.
These risks could cause actual results to differ materially from
those implied by forward-looking statements in this release. You
should keep in mind that any forward-looking statement made herein,
or elsewhere, speaks only as of the date on which it is made. New
risks and uncertainties come up from time to time, and it is
impossible to predict these events or how they may affect
EXL. EXL has no obligation to update any forward-looking
statements after the date hereof, except as required by federal
securities laws.
Investor Contact:Steven N.
BarlowVice President, Investor
Relations212-624-5913steven.barlow@exlservice.com
Media Contact:Michael
SherrillVice President,
Marketing646-419-0778michael.sherrill@exlservice.com
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