CitiusTech, a provider of healthcare technology services, solutions and platforms, has made a strategic acquisition of SDLC Partners, a Pittsburgh, PA-based provider of technology solutions to payer organizations. SDLC focuses on three areas of payer technology needs – technology transformation, consulting and automation solutions.
“Payer organizations are leaning heavily on digital capabilities and innovative technology solutions to enhance quality of care, member experience and overall performance,” said Bhaskar Sambasivan, president of CitiusTech. “Our investment in SDLC is another step towards helping payers accelerate their transformation to value-based, member-centric operating models.”
“By bringing together next-gen technology capabilities, deep industry expertise through FluidEdge Consulting and SDLC’s payer-focused solutions, we are uniquely positioned to drive digital transformation in the health plan industry,” said Eric Schultz, executive vice president, CitiusTech and president, FluidEdge Consulting. “I look forward to working closely with the SDLC leadership team to build strong synergies between our organizations.”
“SDLC brings proven capabilities and very talented team members with deep expertise, manifesting in the solutions we are known to deliver for clients,” says Chris Simchick, chief executive officer of SDLC Partners. “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.”
7 Mile Advisors served as exclusive buy-side advisors to CitiusTech on this transaction.