Mumbai, NFAPost: CitiusTech, a leading provider of healthcare technology services, solutions and platforms, announced that it has made a strategic acquisition of SDLC Partners (SDLC), a Pittsburgh, PA-based provider of technology solutions to leading payer organizations.
SDLC focuses on three key areas of payer technology needs – technology transformation, consulting and automation solutions. With a team of 350+ healthcare technology professionals, SDLC has specialized payer business expertise including member experience management, intelligent automation, data & analytics and core applications. SDLC also comprises CyLumena, a top-ranked cybersecurity firm.
CitiusTech President Bhaskar Sambasivan says payer organisations are leaning heavily on digital capabilities and innovative technology solutions to enhance the quality of care, member experience and overall performance.
“Our investment in SDLC is another step towards helping payers accelerate their transformation to value-based, member-centric operating models,” said Bhaskar Sambasivan.
CitiusTech Executive Vice President & FluidEdge Consulting (a CitiusTech company) President Eric Schultz said by bringing together next-gen technology capabilities, deep industry expertise through FluidEdge Consulting and SDLC’s payer-focused solutions, the company is uniquely positioned to drive digital transformation in the health plan industry.
“I look forward to working closely with the SDLC leadership team to build strong synergies between our organizations,” said Eric Schultz.
SDLC Partners Chief Executive Officer Chris Simchick SDLC brings proven capabilities and very talented team members with deep expertise, manifesting in the solutions are known to deliver for clients.
“Combining this with CitiusTech’s industry presence and its rich portfolio of complementary digital offerings gives us the ability to broaden our access to payer markets, compete and win larger opportunities and move front and center in our customer’s digital transformation strategy,” said Chris Simchick.
The acquisition of SDLC comes on the back of strong growth for CitiusTech across all its market segments. CitiusTech’s Payer market business has experienced a significant jump in revenue this year, through a portfolio of digital capabilities and platforms around member engagement, analytics, HEDIS / STARS optimization and quality & performance management needs.
CitiusTech was recently recognized as a ‘Leader’ in Everest Group’s Healthcare IT Services Specialists PEAK Matrix® Assessment 2021, due to its focus on digital solutions, deep healthcare domain expertise and strong technology partnerships. 7 Mile Advisors served as exclusive buy-side advisors to CitiusTech on this transaction.
