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 global presence and enrich its portfolio in the digital healthcare market, particularly in mental health and hospital information systems (HIS) across India, Southeast Asia, and Europe.
The acquisition includes Niyama's Mental Health SaaS platform and all of Ezovion's assets, known for their integrated HIS and Electronic Health Records (EHR) solutions. The deal, valued at $5.7 million, comprises cash, restricted common stock of HCTI, and potential earn-out payments based on first-year performance. This transaction not only expands HCTI's product offerings into high-growth areas like mental health and specialty care but also enhances its AI and cloud-first architecture with the addition of Niyama's and Ezovion's platforms.
David Ayanoglou, CFO of HCTI, highlighted the strategic and financial value of the acquisition, while Sujatha Ramesh, COO, emphasized its alignment with the company's mission to revolutionize healthcare delivery through integrated platforms. The acquisition promises immediate cross-selling opportunities within HCTI's existing customer base and introduces new subscription-based revenue streams in mental health and hospital segments, complementing its current Data and Analytics services.
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 underscores HCTI's commitment to advancing healthcare through technology and innovation, offering scalable SaaS solutions to meet global healthcare demands.
