Healthcare Triangle Completes Strategic Acquisition of Niyama Healthcare and Ezovion Solutions
Healthcare Triangle, Inc. (Nasdaq: HCTI) ('HCTI' or the 'Company'), a visionary leader in digital transformation solutions for the healthcare and life sciences industries, has successfully closed the acquisition of the business and assets of Niyama Healthcare, Inc., a mental health SaaS platform, and a 100% equity stake in Ezovion Solutions Private Limited, a hospital information systems provider. The acquisition significantly strengthens HCTI’s global footprint and enhances its offerings in the digital healthcare market, deepening its presence in the mental health and hospital information system (HIS) markets across India, Southeast Asia, and Europe. The total consideration is $5.7 Million which includes $1.5 million in cash, $3 million in restricted common stock of HCTI, and up to $1.2 million in earn-out payments contingent on first-year financial performance.
Key Highlights
- Acquisition of Niyama Healthcare's Mental Health SaaS platform, including intellectual property, contracts, and key personnel.
- 100% ownership of Ezovion Solutions Pvt. Ltd., a company recognized for its integrated Hospital Information System (HIS) and Electronic Health Records (EHR) solutions.
- Expansion of HCTI’s product offerings into the high growth segments such as mental health and specialty care addressing global healthcare requirements with scalable SaaS offerings.
- Addition of recurring revenue streams with the new subscription-based offerings in mental health, hospital segments complementing existing Data and Analytics offerings.
- Acquisition of high-quality talent with domain experience and innovation capabilities.
- Immediate cross-selling opportunities across HCTI’s existing hospital and clinic customer base.