Healthcare Triangle Expands Global Digital Healthcare Presence with Strategic Acquisitions
TL;DR
Healthcare Triangle's acquisition of Niyama Healthcare and Ezovion Solutions positions it as a stronger competitor in the digital healthcare market with expanded SaaS offerings.
HCTI acquired Niyama's Mental Health SaaS platform and Ezovion's HIS solutions for $5.7 million, enhancing its AI and cloud-first architecture and adding recurring revenue streams.
This acquisition by Healthcare Triangle aims to improve global healthcare delivery through scalable SaaS solutions in mental health and hospital information systems.
Healthcare Triangle expands into mental health and HIS markets with Niyama and Ezovion acquisitions, promising innovative digital healthcare solutions across multiple continents.
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Healthcare Triangle, Inc. (HCTI), a leader in digital transformation solutions for the healthcare and life sciences sectors, has completed the acquisition of Niyama Healthcare, Inc. and a 100% equity stake in Ezovion Solutions Private Limited. This strategic move, executed through HCTI's subsidiary QuantumNexis, is set to bolster the company's offerings in the digital healthcare market, particularly in mental health and hospital information systems across India, Southeast Asia, and Europe.
The acquisition, valued at $5.7 million, includes $1.5 million in cash, $3 million in HCTI restricted common stock, and up to $1.2 million in earn-out payments based on first-year performance. Niyama's Mental Health SaaS platform and Ezovion's integrated Hospital Information System and Electronic Health Records solutions are key components of this deal, promising to expand HCTI's product portfolio into high-growth areas like mental health and specialty care.
David Ayanoglou, HCTI's Chief Financial Officer, highlighted the transaction's strategic and financial value, aligning with the company's mission to revolutionize healthcare delivery through integrated platforms. Sujatha Ramesh, Chief Operating Officer, emphasized the acquisition's role in enhancing HCTI's AI and cloud-first architecture, adding recurring revenue streams and cross-selling opportunities to its existing customer base.
This acquisition not only strengthens HCTI's technology backbone but also brings in talented professionals with domain expertise, setting the stage for innovation and growth in the digital healthcare space. The transition period, extending through August 15, 2025, ensures operational continuity as Niyama integrates fully with HCTI's systems and personnel.
Curated from NewMediaWire
