EX-99.1
3
tv497868_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
EXL closes the acquisition of SCIOInspire
Holdings, Inc. Bolstering its Healthcare Analytics practice adding leading payment integrity and population risk management capabilities
NEW
YORK, July 2, 2018
- EXLService Holdings, Inc. (NASDAQ:
EXLS), a leading operations management and analytics company, announces
that
on
July 1 it closed the acquisition of SCIOInspire Holdings, Inc. ("SCIO"), 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
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:
www.sciohealthanalytics.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, which include our ability to successfully close and integrate strategic
acquisitions, are discussed in more detail in EXL's filings with the Securities and Exchange Commission, including EXL's
Annual Report on Form 10-K. 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. Barlow
Vice President Investor Relations
212-624-5913
steven.barlow@exlservice.com
Media Contact - US:
Michael Sherrill
Vice President Marketing
646-419-0778
michael.sherrill@exlservice.com
Media Contact - India:
Shailendra Singh
Vice President Corporate Communications
98104-76075
Shailendra.singh@exlservice.com

EX - 99 . 1 3 tv497868 _ ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 EXL closes the acquisition of SCIOInspire Holdings , Inc . Bolstering its Healthcare Analytics practice adding leading payment integrity and population risk management capabilities NEW YORK , July 2 , 2018 - EXLService Holdings , Inc . ( NASDAQ : EXLS ) , a leading operations management and analytics company , announces that on July 1 it closed the acquisition of SCIOInspire Holdings , Inc . ( " SCIO " ) , 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 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 : www.sciohealthanalytics.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 , which include our ability to successfully close and integrate strategic acquisitions , are discussed in more detail in EXL 's filings with the Securities and Exchange Commission , including EXL 's Annual Report on Form 10 - K . 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. Barlow Vice President Investor Relations 212 - 624 - 5913 steven.barlow@exlservice.com Media Contact - US : Michael Sherrill Vice President Marketing 646 - 419 - 0778 michael.sherrill@exlservice.com Media Contact - India : Shailendra Singh Vice President Corporate Communications 98104 - 76075 Shailendra.singh@exlservice.com
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