Healthcare Triangle Secures Major Health System Contracts and Expands AI-Powered EHR Services Nationwide
New Multi-year Wins, Platform Innovation, and AI-driven Growth Strategy Position HCTI for Sustained Growth
PLEASANTON, CALIF. - May 28, 2025 ( NEWMEDIAWIRE ) - Healthcare Triangle, Inc. (Nasdaq: HCTI) ('HCTI' or the 'Company'), a leader in digital transformation solutions including managed services, cloud enablement, and data analytics for the healthcare and life sciences industries – today announced approximately $1.0 million of new multi-year strategic contracts wins. These include major agreements with a top-tier university medical system and the largest hospital system on the East Coast. In addition, HCTI is significantly expanding its AI and EHR integration services, reinforcing its position as a trusted innovation partner to health systems nationwide.
'These strategic wins reflect our ability to deliver enterprise-scale transformation with speed and precision,' said Sujatha Ramesh, Chief Operating Officer of Healthcare Triangle. 'We're enabling digital maturity, operational efficiency, and cost-effective care delivery - firmly positioning HCTI as a mission-critical partner, not just a service provider.'
Aligned with its innovation roadmap, HCTI has also expanded its portfolio with an AI-powered SaaSproduct.readabl.ai, a next-generation AI medical document automation platform that transforms faxes, scanned forms, and unstructured clinical text into structured, actionable data - seamlessly integrating with the electronic health record (EHR).
Existing healthcare systems have realized significant benefits by automating their document management processes through Readabl.ai. The solution has also facilitated the transformation of unstructured clinical text into structured, actionable data - seamlessly integrating with electronic health records (EHR) to enhance clinical decision-making and operational efficiency
'These wins and platform advancements are accelerating our shift to a recurring revenue model,' added David Ayanoglou, Chief Financial Officer of HCTI. 'We're delivering scalable, AI-powered solutions that improve margins, expand our footprint, and increase enterprise value. HCTI is well-positioned for long-term growth and profitability.'
Further strengthening its community focus, HCTI is exploring high-impact EPIC workflow integrations tailored to community health system deployments. These efforts aim to enhance clinical efficiency, streamline onboarding, and bring enterprise-grade performance to underserved and regional networks - delivering scalable solutions at lower cost.
With a growing portfolio of strategic contracts, breakthrough AI platforms, and an expanding presence across enterprise and community health systems, HCTI is charting a clear path towards sustainable, technology-driven growth. The Company remains focused on delivering innovation at scale and unlocking long-term value for clients, partners, and shareholders.
HCTI maintains strategic partnerships with leading public cloud providers - Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure.
About Healthcare Triangle
Healthcare 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(TM) and DataEz(TM). HITRUST 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.
Forward-Looking Statements and Safe Harbor Notice
All 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 set forth 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.
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