30 Jan 2025

Sagility India Hits Upper Circuit at RS. 47.73, Acquires BroadPath Healthcare Solutions

Sagility India’s stock locked its upper circuit at RS. 47.73, marking a rise of 2.27 points or 4.99% from its previous close of RS. 45.46 on the BSE.

The stock opened at RS. 47.73 and recorded both a high and low of RS. 47.73. A total of 2,94,646 shares were traded on the counter.

Belonging to the BSE 'T' group, the stock with a face value of RS. 10 has hit a 52-week high of RS. 56.44 on 30-Dec-2024 and a 52-week low of RS. 27.02 on 13-Nov-2024.

In the past week, the stock's high and low were RS. 48.50 and RS. 41.14 respectively. The company’s market capitalization stands at RS. 22,343.98 crore.

The promoter holding in the company is 82.39%, while institutions and non-institutions hold 11.03% and 6.58%, respectively.

Sagility India Acquires BroadPath Healthcare Solutions

Sagility India has successfully acquired BroadPath Healthcare Solutions, a company operating a work-from-home delivery model with over 1,600 employees across the US and Philippines.

BroadPath specializes in member engagement, acquisition, claims and appeals administration, provider enrollment, and credentialing. The acquisition aligns with Sagility’s growth strategy, expanding its market presence and adding over 30 new clients.

This move strengthens Sagility’s position among the top ten largest health plans in the US. It also enables cross-selling opportunities to mid-market clients, including payers, third-party administrators, pharmacy benefit managers, and providers.

BroadPath, a pioneer in the work-from-home model even before the COVID-19 pandemic, has developed a proprietary Bhive platform that enhances employee engagement and optimizes operational metrics.

Sagility India continues to provide technology-enabled business solutions and services to the U.S. healthcare industry.