M&A Deal Summary

Sagility Acquires BirchAI

On March 26, 2024, Sagility acquired internet software and services company BirchAI

Acquisition Highlights
  • This is Sagility’s 1st transaction in the Internet Software and Services sector.
  • This is Sagility’s 2nd transaction in the United States.
  • This is Sagility’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-03-26
Target BirchAI
Sector Internet Software and Services
Buyer(s) Sagility
Deal Type Add-on Acquisition
Advisor(s) Sherman & Company Holdings LLC (Financial)

Target

BirchAI

Seattle, Washington, United States
BirchAI is a healthcare technology company offering cloud-based help their clients reduce average handle time by up to 35% by automating complex healthcare interactions using proprietary speech-to-text and Large Language Models that efficiently integrate with the most commonly used CCaaS and CRM solutions. BirchAI was founded in 2020 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Sagility

Westminster, Colorado, United States
Category Company
Sector Business Services
Employees30,000
DESCRIPTION

Sagility is a technology and transformation-driven BPM services with decades of healthcare domain expertise to help clients draw closer to their members. The company optimizes the entire member/patient experience through service offerings for clinical operations, member engagement, provider solutions, payment integrity, claims cost containment, and analytics. Sagility is based in Westminster, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Devlin Consulting

Chandler, Arizona, United States

Devlin Consulting is a payment integrity firm that utilizes specialized technology to shorten the time horizon from overpaying a claim to the time it is identified and client systems can be updated to help avoid future payment errors. Devlin Consulting was founded in 1995 and is based in Chandler, Arizona.

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