EQT-backed Sagility acquires Chirok Health

Sagility, through its U.S. subsidiary Sagility (US) Holdings Inc., announced the acquisition of Chirok Health. The transaction is valued at approximately $32.35 million. Canaccord Genuity served as exclusive financial adviser to Chirok Health.

Chirok Health provides clinical documentation improvement, medical coding, coding quality assurance and revenue integrity services. Sagility said the deal complements its existing revenue cycle management, patient access, predictive analytics and technology-driven operations.

Sagility is backed by private equity firm EQT and employs nearly 50,000 people across the United States, India, the Philippines, Jamaica and Colombia. The acquisition follows Sagility's recent purchase of CareSeed.