{"id":4741,"date":"2024-10-31T16:33:37","date_gmt":"2024-10-31T11:03:37","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4741"},"modified":"2024-11-04T13:41:35","modified_gmt":"2024-11-04T08:11:35","slug":"review-of-sagility-india-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-sagility-india-ipo\/","title":{"rendered":"Review of Sagility India Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n

Sagility India IPO Price: <\/strong>\u20b928 to \u20b930 per share
IPO Dates:<\/strong> 5 November 2024 – 7 November 2024<\/p>\n\n\n\n

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\"Sagility<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Company Overview<\/strong><\/h2>\n\n\n\n

Originally established as Berkmeer India Pvt. Ltd in Bengaluru, Karnataka, in July 2021, the company underwent significant changes, including a rebranding to Sagility India Pvt. Ltd in September 2022. By May 2024, after converting to a public limited entity, it adopted its current name, Sagility India Ltd.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Strategic Acquisitions and Healthcare Focus<\/strong><\/h2>\n\n\n\n

Sagility acquired the healthcare services segment of Hinduja Global Solutions in January 2022. This acquisition bolstered its position within the healthcare domain, where Hinduja Global Solutions had been a recognized provider of services to Payer clients since 2000. This expertise allowed Sagility to rapidly expand its scope within the healthcare industry, serving both U.S. health insurance companies (Payers) and providers, including hospitals, diagnostic centres, and medical device companies.<\/p>\n\n\n\n

Service Portfolio<\/h2>\n\n\n\n

Solutions for Payers<\/strong><\/h5>\n\n\n\n

Sagility India offers end-to-end healthcare solutions to U.S. Payers, supporting operations through centralized claims administration, clinical management, and payment integrity. These services aim to improve operational efficiency and enhance claims processing accuracy for health insurance clients.<\/p>\n\n\n\n

Services for Providers<\/strong><\/h5>\n\n\n\n

For Providers, Sagility delivers revenue cycle management services, which assist hospitals, physicians, and other medical entities in handling claims and billing. The company also provides certain payer services to pharmacy benefit managers (PBMs) who manage prescription drug benefits for insured members.<\/p>\n\n\n\n

Leadership in Healthcare Operations<\/strong><\/h2>\n\n\n\n

Sagility India is recognized as one of the leading tech-enabled healthcare services specialists, with a growing market share in outsourced healthcare operations. In 2022, it held approximately 1.18% of the market share, which rose to 1.23% in 2023. Its leadership is reflected in rankings by industry assessments, including the Avasant Clinical Services Business Process Transformation RadarView and Everest\u2019s Healthcare Payer Operations PEAK Matrix Assessment in 2023.<\/p>\n\n\n\n

Client Base and Expansion<\/strong><\/h2>\n\n\n\n

The company maintains strong, long-term relationships with U.S.-based clients, including five of the top ten Payers by enrollment as of January 2024. Sagility\u2019s five largest client groups, as of June 30, 2024, have been associated with the company for an average of 17 years. In addition, it onboarded 22 new clients during FY 2024 and processed 105 million claims, along with managing 75 million Member and Provider interactions.<\/p>\n\n\n\n

Workforce and Expertise<\/h2>\n\n\n\n

As of March 31, 2024, Sagility India employed 35,044 people, with women making up 60.52% of its workforce. The company emphasizes skill development, with 1,687 employees holding specialized certifications, including 374 certified medical coders and 1,280 registered nurses across the U.S., Philippines, and India. Additionally, 33 employees are professionals in fields such as dentistry, surgery, and pharmacy.<\/p>\n\n\n\n

Competitive Strengths<\/h2>\n\n\n\n