The aggregate purchase consideration is up to $30 million, comprising an upfront payment of $17.5 million at closing, subject to customary closing adjustments, and a contingent consideration of up to $12.5 million, payable subject to the achievement of revenue growth synergies.
CareSeed, founded in 2012 and headquartered in Kansas City, Missouri, provides NCQA-certified HEDIS quality reporting, medical record review, chart abstraction and regulatory analytics for health plans. The company serves 30 small and mid-sized US payers, with a strong focus on Medicare Advantage.
Its cloud-native platforms, Forecast and Harvest, are designed to support health plans in improving HEDIS performance, streamlining chart abstraction and medical record review workflows, strengthening audit readiness and managing regulatory requirements.
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Sagility said the acquisition expands its healthcare quality and Stars capabilities and supports its broader approach of moving health plans from retrospective HEDIS reporting to integrated, member-level quality orchestration.
Following the acquisition, Sagility will combine CareSeed’s platforms with its healthcare operations, clinical services and AI-led transformation capabilities to deliver an end-to-end quality operations framework.
The combined offering will cover the full quality lifecycle, including HEDIS abstraction and reporting, prospective gap closure, provider engagement, care coordination and continuous performance monitoring.
“CareSeed has built strong capabilities in quality measurement, HEDIS reporting, and healthcare analytics that have helped health plans navigate an increasingly complex regulatory environment.
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Together, CareSeed’s technology platforms and Sagility’s clinical, operational, and AI-enabled transformation capabilities create a more connected quality operations model — helping health plans identify and close care gaps earlier, improve member outcomes, enhance Star Ratings performance, and drive more sustainable financial results,” said Ramesh Gopalan, Managing Director and Group Chief Executive Officer of Sagility.
CareSeed’s Forecast platform delivers NCQA-certified HEDIS reporting and quality analytics, while its Harvest platform supports cloud-based medical record review, chart abstraction and supplemental data capture. Together, the platforms form a framework for quality operations transformation and care continuum management.
Sagility said the integration is expected to strengthen its capabilities in healthcare quality management and regulatory analytics for health plans. Houlihan Lokey served as exclusive financial advisor to CareSeed, and Allrise Legal Counsel and Swanson Bernard served as legal counsel.
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“Our clients are under significant pressure to improve quality scores, optimise Stars performance, and manage growing regulatory complexity. Joining Sagility allows us to combine our specialised quality analytics and HEDIS capabilities with Sagility’s operational scale, clinical expertise, and transformation capabilities to deliver greater value to health plans,” said Thomas Mueller, CEO.
Shares of Sagility Ltd ended at ₹39.39, down by ₹0.74, or 1.84%, on the BSE.
