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ExlService Holdings closes acquisition of SCIOInspire Holdings

ExlService Holdings Inc. on July 1 closed its acquisition of SCIOInspire Holdings Inc., a West Hartford, Conn.-based healthcare analytics solution and services company doing business as SCIO Health Analytics.

The aggregate merger consideration is $236.5 million, subject to certain post-closing adjustments. ExlService funded the purchase with available cash on hand and borrowing from its credit facility.