IRVING, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA, XELAP), business processing automation ("BPA"), announced today its recognition as one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized America's Greatest Workplaces in the United States. Notably, Exela achieved a perfect 5-star rating in both Diversity and Mental Wellbeing categories. "Being named a 2024 America's ...

Strategic Partnership and Expansion - PCH Global, Exela's healthcare platform, is expanding its capabilities and customer base by providing solutions for healthcare providers and payers [1] - Exela Technologies announces a strategic alliance with AIDEO Technologies, a leading AI platform specializing in autonomous coding for healthcare, aiming to revolutionize medical billing through enhanced efficiency and accuracy [2] - The partnership integrates generative AI across Exela's products and services, complementing other AI-driven efforts [2] Company Overview and Capabilities - Exela Technologies is a leader in business process automation (BPA) with a global footprint, serving over 4,000 customers across 50 countries, including more than 60% of the Fortune® 100 [7] - The company leverages proprietary technology to provide digital transformation solutions, enhancing quality, productivity, and end-user experience [7] - Exela's software and services include multi-industry solutions for finance, human capital management, legal management, and industry-specific solutions for banking, healthcare, insurance, and the public sector [7] AIDEO Technologies' Role and Solutions - AIDEO Technologies is a leading provider of AI-powered medical coding productivity solutions, focusing on revenue cycle management [7] - The Gemini Solution Suite by AIDEO includes the Gemini Coder Platform™, Gemini AutoCode™, and Gemini Full Service™, designed to improve efficiency and accuracy through workflow improvements and autonomous coding [7] - The integration of AIDEO's capabilities with PCH Global is expected to lower costs for providers in processing claims and obtaining payments [10] Industry Impact and Future Outlook - The collaboration between Exela and AIDEO is expected to bring innovative AI technology to customers, enhancing the PCH Global ecosystem [3] - Medical coding is identified as a critical component of the healthcare revenue cycle, with the partnership aiming to streamline processes and reduce costs [10]

PCH Global, Exela's industry leading Healthcare platform, continues to expand its capabilities and grow its customer base by providing solutions for providers and payers. This strategic partnership will further enhance value proposition for PCH Global customers by providing feature-rich, leading-edge solutions. "Medical coding is the lynch pin of the healthcare revenue cycle," said Tim Jones, Chief Revenue Officer of Aidéo Technologies. "The opportunity to integrate our capabilities both up and downstream w ...

Exela Technologies (NASDAQ:XELA) stock is on the move Monday after the digital business process services company announced plans for a spinoff of its business process automation (BPA) business. Exela Technologies' board of directors has authorized the spinoff of its BPA business to shareholders of XELA stock. This has it planning to distribute shares of this new company to XELA investors on record as of sometime in Q3 or Q4. Investors won't have to take any action to get the shares in the Exela Technologies ...

IRVING, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a business process automation leader, today announced that its Board of Directors (the "Board") has authorized Exela to consider a spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC, to Exela stockholders to maximize shareholder value. Exela is evaluating whether, for U.S. federal income tax purposes, the potential spin-off qualifies as a tax-free distribution under ...

Exela Technologies, Inc. (NASDAQ:XELA) Q1 2024 Earnings Call Transcript May 28, 2024 4:30 PM ET Company Participants Vincent Kondaveeti - Head of IR Matt Brown - Interim CFO Operator Good afternoon, and welcome to the Exela Technologies First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would n ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or (Zip Code) Registrant's Telephone Number, Including Area Code: (844) 935-2832 Securities Registered Pursuant to Section 12(b) of the Act: ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission ...

Exela Technologies, Inc. (NASDAQ:XELA) Q4 2023 Results Conference Call April 17, 2024 4:30 PM ET Company Participants Vince Kondaveeti - Head of Investor Relations Par Chadha - Executive Chairman Matt Brown - Interim Chief Financial Officer Conference Call Participants Craig Carlozzi - Algebris Operator Good day, and welcome to the Exela Technologies earnings update. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Vince Kondaveeti, Head of ...

Exhibit 99.1 Exela Technologies Holdings, Inc. Reports Full Year 2023 Results Full Year Highlights IRVING, TX April 4, 2024 (GLOBE NEWSWIRE) – Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation ("BPA") leader, announced today its financial results for the full year ended December 31, 2023. "2023 was a challenging year with focus on stabilizing revenues and recovering from the effects of our network outage in 2022. We made significant improvement t ...