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IT stock under ₹50 hits 5% upper circuit after it acquires US based healthcare services firm for ₹502 Cr

IT stock strengthened its US healthcare presence with a ₹502 crore acquisition, adding 30+ clients, expanding services, and enhancing remote operations, member engagement, and claims administration solutions.
IT stock expanded its US healthcare presence with a ₹502 crore acquisition, adding 30+ clients, enhancing services.
IT stock expanded its US healthcare presence with a ₹502 crore acquisition, adding 30+ clients, enhancing services.

Introduction:

IT stock has expanded its presence in the US healthcare services sector through a ₹502 crore acquisition. This deal adds over 30 new clients, strengthens its market position, and enhances service offerings, including remote operations, member engagement, and claims administration solutions.

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Share Price movement of Sagility India:

On January 30, 2025, Sagility India Ltd. opened at ₹47.73, up 5% from its previous close of ₹45.46. The stock remained stable throughout the session, with an intraday high and low of ₹47.73. Currently it is trading at ₹47.7 and its market cap stood at ₹22,343.98 crore.

Sagility India new acquisition:

Sagility India Limited’s step-down subsidiary, Sagility LLC, has announced the acquisition of BroadPath Healthcare Solutions for approximately ₹502 crore in an all-cash deal. This strategic acquisition expands Sagility’s presence in the US healthcare tech-enabled services sector, adding over 30 new clients and enhancing its service portfolio.

BroadPath Healthcare Solutions, established in 2008 and headquartered in Tucson, Arizona, operates a remote delivery model with over 1,600 employees across the US and the Philippines. Its services include member engagement, claims administration, provider enrollment, and credentialing, strengthening Sagility’s market position among the top ten US health plans.

With this acquisition, Sagility gains new capabilities, including BroadPath’s proprietary Bhive platform, which enhances employee engagement and optimizes remote operations. The deal enables Sagility to cross-sell its services to mid-market clients, such as payers, pharmacy benefit managers, and third-party administrators, further driving growth and market expansion.

Also Read: Stocks To Watch For Budget 2025

Recent news About Sagility India :

Sagility India shares surged over 40% in December, hitting an all-time high of ₹56.44 on the BSE. Since its November listing at ₹31.06, the stock has soared 87%, reflecting strong investor confidence and impressive market performance.

Stock performance of Sagility India for Period of 1 week:

Sagility India’s stock experienced a decline of 3.21% over the past week, reflecting short-term volatility. Investors observed a downward trend, possibly influenced by market sentiment or sector-specific factors. 

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Sagility India:

All values in %Dec-24
Promoters82.39
FII3.77
DII7.25
Retail & others6.59
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About Sagility India:

Sagility India specializes in healthcare technology and business process management, offering solutions for payers and providers. It focuses on digital transformation, analytics, and automation to enhance healthcare operations. The company aims to improve efficiency, reduce costs, and deliver better patient outcomes through innovative technology-driven services.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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