Healthcare Triangle, Inc. (HCTI) has announced the acquisition of Niyama Healthcare, Inc. and a 100% equity stake in Ezovion Solutions Private Limited, marking a significant step in expanding its digital healthcare solutions. This strategic acquisition, facilitated through HCTI's subsidiary QuantumNexis, is aimed at strengthening HCTI's offerings in mental health and hospital information systems across India, Southeast Asia, and Europe.
The deal, valued at $5.7 million, includes cash, restricted common stock of HCTI, and potential earn-out payments, integrating Niyama's Mental Health SaaS platform and Ezovion's Hospital Information System and Electronic Health Records solutions into HCTI's portfolio. David Ayanoglou, CFO of HCTI, and Sujatha Ramesh, COO, have both underscored the transaction's alignment with the company's mission to innovate healthcare delivery and its strategic benefits, including expansion into high-growth segments and enhancement of AI and cloud-first architecture.
Furthermore, the acquisition is expected to enrich HCTI's technology platform, bring in specialized talent, and open new cross-selling opportunities. Niyama will ensure operational continuity during the transition period until August 15, 2025, as integration with HCTI progresses. This move highlights HCTI's dedication to advancing healthcare technology and solidifying its position as a leader in the digital healthcare sector.
