ExlService Holdings to Acquire SCIOInspire Holdings for $240 million
Sheppard Mullin represented ExlService Holdings, Inc. (NASDAQ:EXLS), a leading operations management and analytics company, in its agreement to acquire SCIOInspire Holdings, Inc. (SCIO) for $240 million. According to EXL Vice Chairman and CEO Rohit Kapoor, “This strategic acquisition combines EXL's large-scale healthcare and analytics businesses with SCIO's leading healthcare analytics solutions and services. SCIO generates revenues from two high growth healthcare areas - payment integrity and care optimization. The acquisition will broaden EXL's capabilities to engage with clients across a variety of healthcare payers, pharmacy benefit managers, healthcare providers and life sciences companies.”
The Sheppard Mullin team representing EXL was led by partner Valerie Demont in New York and included Ken Contrata, Omar Hashim, Karl Buhler, Carol Archer Boboris, Verity Rees, Lindsay Stone, Keith Gercken, John Crisp, Malika Levarlet, Dan Yannuzzi, Kristi Kung, Steven Chananie and Sophie Solomon. Read more about the deal here.