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HCTI — Healthcare Triangle News Story

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TechnologyHighly SpeculativeMicro CapValue Trap

Healthcare Triangle down on plan to buy AI customer engagement firm

** U.S.-based healthcare technology company Healthcare Triangle's HCTI.O shares fall 7.3% to $3.11 in early trade

** Co signs a non-binding deal to buy assets of Spain's Teyame.AI, an AI-powered customer engagement firm

** Teyame’s platform uses generative AI and chatbots to automate patient engagement across languages and channels

** Co says deal would integrate Teyame’s tools with HCTI’s clinical systems, expanding reach into Europe, Latin America and Asia

** Teyame expected to add ~$34 mln in annual revenue to HCTI, pending deal completion

** HCTI, which provides digital solutions for healthcare and life sciences, says acquisition would add over $4 mln in profit and bolster its AI and automation team

** No transaction value was disclosed

** Including session's move, stock down ~99% YTD

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com;))

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