Acquisition Details
Sagility Limited has acquired 100% of CareSeed, a U.S.-based healthcare analytics company specializing in NCQA-certified HEDIS quality reporting, medical record review, chart abstraction, and regulatory analytics for health plans. The transaction is expected to close on June 11, 2026.
Financial Information
CareSeed reported revenues of $5.1 million in CY25 with EBITDA of $1.6 million, representing a 31.4% EBITDA margin. The acquisition is stated to be EPS accretive. The acquisition price was not disclosed in the filing.
Company Background - CareSeed
Founded in 2012 and headquartered in Kansas City, Missouri, CareSeed serves 30 small and mid-sized U.S. payers with a strong footprint in Medicare Advantage. The company operates cloud-native platforms called Forecast and Harvest that help health plans improve HEDIS performance, streamline chart abstraction and medical record review workflows, strengthen audit readiness, and manage regulatory requirements.
Strategic Rationale
1. Strengthens Sagility's Position in Medicare Advantage and Quality Services: Expands capabilities across HEDIS, CMS Stars, quality reporting, and care gap orchestration
2. Accelerates an AI-Led Quality Operations Platform: CareSeed's NCQA-certified Forecast and Harvest platforms advance Sagility's strategy of moving from retrospective HEDIS reporting to AI-led integrated quality operations
3. Expands Cross-Sell and Revenue Growth Opportunities: Adds 28 new small and mid-sized health plan relationships with Medicare Advantage footprint, creating immediate cross-sell opportunities
4. Strategic Talent Acquisition: Brings specialized talent in healthcare quality technology, sales, and client management
Operational Impact
The combined offering will support health plans across the full quality lifecycle including HEDIS abstraction and reporting, prospective gap closure, provider engagement, care coordination, and continuous performance monitoring. The acquisition expands Sagility's healthcare quality and Stars capabilities and advances the company's vision of integrated, member-level quality orchestration.
Management Commentary
Ramesh Gopalan, Managing Director and Group Chief Executive Officer of Sagility, stated: "CareSeed has built strong capabilities in quality measurement, HEDIS reporting, and healthcare analytics that have helped health plans navigate an increasingly complex regulatory environment. Together, CareSeed's technology platforms and Sagility's clinical, operational, and AI-enabled transformation capabilities create a more connected quality operations model."
Thomas Mueller, CEO of CareSeed, commented: "Our clients are under significant pressure to improve quality scores, optimize Stars performance, and manage growing regulatory complexity. Joining Sagility allows us to combine our specialized quality analytics and HEDIS capabilities with Sagility's operational scale, clinical expertise, and transformation capabilities."
Advisors
Houlihan Lokey served as exclusive financial advisor to CareSeed. Allrise Legal Counsel and Swanson Bernard served as legal counsel to CareSeed.
About Sagility
Sagility is a healthcare operations partner serving over 80 healthcare clients, including 7 of the top 10 U.S. health plans. The company has more than 25 years of exclusive focus in healthcare combining domain expertise with technology-led transformation including analytics, automation, and AI.