Brief: Healthcare Triangle Announces Cost Reduction Initiatives To Achieve Profitability

Healthcare Triangle

15/02/2024 14:10

Feb 15 (Reuters) - Healthcare Triangle Inc  HCTI.O :
    * HEALTHCARE TRIANGLE ANNOUNCES COST REDUCTION INITIATIVES
TO
ACHIEVE PROFITABILITY
    * INITIATIVES INCLUDE ALIGNING SG&A COSTS BY REDUCING
THIRD-PARTY
PROFESSIONAL FEES AND INFRASTRUCTURE COSTS
    * INITIATIVES INCLUDE FURTHER STREAMLINING ORGANIZATION TO
DRIVE
PROCESS-RELATED EFFICIENCIES
    * INITIATIVES INCLUDE STREAMLINE LEADERSHIP STRUCTURE
    * INITIATIVES INCLUDE COST OPTIMIZATION ACROSS BUSINESS
OPERATIONS
    * STRATEGIC INITIATIVES ARE EXPECTED TO GENERATE AN
ESTIMATED
ANNUALIZED SAVINGS OF $3 MILLION - $4 MILLION IN FY2024

Source text for Eikon:  ID:nGNX9q1cGS 
Further company coverage:  HCTI.O 

 ((Reuters.Briefs@thomsonreuters.com;))