Sagility India shares hit 5% upper circuit after Rs 500 cr acquisition of BroadPath Healthcare

Shares of Sagility India were locked at their 5% upper circuit at Rs 47.73 on the BSE in early trade today after the company on Wednesday, announced that Sagility LLC, its step-down subsidiary, acquired BroadPath Healthcare Solutions for Rs 502 crore.

The acquisition included BroadPath Global, LLC, BroadPath, LLC, and Bhive Holdings, LLC.

“We wish to inform you that the Board of Directors of the Company at their meeting held on January 29, 2025, have proposed an acquisition/investment by Sagility LLC, a step-down subsidiary of the Company. Sagility LLC, has signed a definitive agreement on January 29, 2025, with BROADPATH GLOBAL, LLC, BROADPATH, LLC, AND BHIVE HOLDINGS, LLC the details of which are given as Annexure A to this letter, as required under the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023,” said the company in an exchange filing.


The acquisition of BroadPath aligns with Sagility’s strategy to diversify its client base and add new capabilities to its services portfolio. It further strengthens Sagility’s position among the top ten largest health plans in the US. The acquisition gives Sagility the opportunity to cross-sell its broad service offerings to several mid-market clients that include payers, third-party administrators, pharmacy benefit managers and providers, according to the same exchange filing.

This acquisition significantly expands Sagility’s market presence, adding more than 30 new clients

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BroadPath has been a pioneer in the work-from-home model even before the COVID-19 pandemic. Their proprietary Bhive platform improves employee engagement and optimizes operating metrics in a work-from-home model ensuring superior experience for employees and clients alike.

“We are very excited to add a sizeable number of clients through the acquisition of BroadPath. Their unrelenting focus on clients and employees aligns well with our beliefs and we are confident of seamlessly integrating BroadPath’s clients and employees into our larger organization. The strong operating leadership team at BroadPath, with deep relationships across health plans, will remain with the business and continue to drive success for clients,” said Ramesh Gopalan, Managing Director and Group Chief Executive Officer of Sagility.

The shares of Sagility India closed 5% higher at Rs 45.46 on th BSE on Wednesday.

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