Full Press Release Details
Triangle Completes Strategic Acquisition of Niyama Healthcare and Ezovion Solutions
California, June 16, 2025. (NewMediaWire) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"),
a visionary leader in digital transformation solutions for the healthcare and life sciences industries, today announced the successful
closing of its acquisition of the business and assets of Niyama Healthcare, Inc., a mental health SaaS platform, along with a 100%
equity stake in Ezovion Solutions Private Limited, a hospital information systems provider.
acquisition, executed through HCTI's wholly owned subsidiary QuantumNexis, significantly strengthens HCTI's global footprint
and enhances its offerings in the digital healthcare market and deepens its presence in the mental health and hospital information system
(HIS) markets across India, Southeast Asia, and Europe.
the terms of the agreement:
transaction adds both strategic and financial value to HCTI," added David Ayanoglou, Chief Financial Officer of HCTI.
This strategic acquisition aligns with our mission to transform healthcare delivery through intelligent, integrated platforms,"
said Sujatha Ramesh, Chief Operating Officer of HCTI.
strategic benefits of the acquisition include:
the transition period through August 15, 2025, Niyama will continue to support operational continuity including revenue collection and
payroll processing, while full integration with HCTI systems and personnel is underway.
Healthcare Triangle (HCTI)
Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry
knowledge and expertise. We support healthcare including hospitals and health systems, payers, and pharma/life sciences organizations
in their effort to improve health outcomes through better utilization of the data and information technologies that they rely on. Healthcare
Triangle achieves HITRUST Certification for Cloud and Data Platform (CaDP), marketed as CloudEz and DataEz . HITRUST's
Risk-based, 2-year (r2) certified status demonstrates to our clients the highest standards for data protection and information security.
Healthcare Triangle enables the adoption of new technologies, data enlightenment, business agility, and response to immediate business
needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise
in digital transformation encompassing the cloud, security and compliance, data lifecycle management, healthcare interoperability, and
clinical and business performance optimization. www.healthcaretriangle.com.
Statements and Safe Harbor Notice
statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined
in the Private Securities Litigation Reform Act of 1995), and include, among others, statements regarding the consummation of the private
placement, satisfaction of the customary closing conditions of the private placement and the use of the proceeds therefrom. Such forward-looking
statements include our expectations and those statements that use forward-looking words such as "projected," "expect,"
"possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements
involve significant risks, uncertainties, and assumptions, including market and other conditions. Actual results could differ materially
from current projections or implied results. Investors should read the risk factors out lined in the company's annual report on form
10-K for the year ended December 31, 2024, on file with the Securities Exchange Commission (the "SEC") and in previous filings,
subsequent filings and future periodic reports filed with the SEC. All the company's forward-looking statements are expressly qualified
by all such risk factors and other cautionary statements.