BPO EXL buys US-based Landacorp for $38 mn

US-based Landacorp is a healthcare solutions provider

Nasdaq-listed BPO company EXL Service Holdings today said it has acquired healthcare solutions provider Landacorp for $38 million.

US-based Landacorp provides its services to over 50 million members and has developed services and technology solutions that share vital clinical data with payers, providers, plan participants and accountable care organisations (ACOs).

Post-acquisition, Landacorp will be known as EXL Landa.

"I am excited to announce our acquisition of Landacorp, which provides EXL with an end-to-end solution for the healthcare industry and which is consistent with our strategy of building deep domain expertise in select industry verticals and offering platform-based solutions," EXL Vice Chairman and CEO Rohit Kapoor said in a statement.

A company spokesperson said Landacorp was acquired for $38 million.  

Landacorp acquisition will strengthen EXL's ability to support the healthcare industry with better outcomes by combining technology, operational efficiency and analytics.

According to research firm NelsonHall, the market for outsourced services to healthcare payers should increase to $15 billion in 2016 from $9 billion in 2011.

"I am excited to build on our opportunities and combine them with EXL's global delivery capabilities, substantial analytics, process re-engineering expertise and deep client relationships to grow Landacorp's value to its clients," Landacorp General Manager Jay Dunlap said.