Healthcare Triangle, Inc. (HCTI), a prominent player in digital transformation solutions for the healthcare and life sciences sectors, has successfully acquired Niyama Healthcare, Inc. and a full equity stake in Ezovion Solutions Private Limited. This strategic move, completed through HCTI's subsidiary QuantumNexis, is set to bolster the company's global footprint and enrich its portfolio in the digital healthcare arena, with a special focus on mental health and hospital information systems (HIS) in regions including India, Southeast Asia, and Europe.
The acquisition, valued at $5.7 million, comprises $1.5 million in cash, $3 million in HCTI's restricted common stock, and potential earn-out payments up to $1.2 million based on first-year financial performance. Niyama Healthcare brings to the table its innovative Mental Health SaaS platform, while Ezovion Solutions is renowned for its integrated HIS and Electronic Health Records (EHR) solutions. This deal not only expands HCTI's product offerings into high-growth sectors like mental health and specialty care but also enhances its AI and cloud-first architecture capabilities.
David Ayanoglou, CFO of HCTI, highlighted the transaction's strategic and financial value, emphasizing its alignment with the company's mission to revolutionize healthcare delivery through intelligent, integrated platforms. Sujatha Ramesh, COO of HCTI, pointed out the acquisition's key benefits, including the addition of recurring revenue streams, the strengthening of HCTI's technology backbone, and the acquisition of domain-experienced talent. Furthermore, the deal opens up immediate cross-selling opportunities across HCTI's existing customer base of hospitals and clinics.
During the transition period until August 15, 2025, Niyama will ensure operational continuity, including revenue collection and payroll processing, as full integration with HCTI's systems and personnel progresses. This acquisition signifies a pivotal moment for HCTI, as it not only diversifies its service offerings but also positions the company as a more formidable force in the global digital healthcare market, addressing critical healthcare needs with scalable SaaS solutions.
