Healthcare Triangle

General Information
Business:

(Note: Healthcare Triangle downsized its IPO at pricing on Oct. 12, 2021, to 3.3 million shares, down from 4.6 million in the prospectus, and priced the stock at $4 – the bottom of its $4-to-$5 price range – to raise $13 million. On Thursday, Oct. 7, 2021, Healthcare Triangle downsized its IPO to 4.6 million shares at $4 to $5 each, according to an S-1/A filing. On Sept. 27, 2021, the company had increased the IPO’s size to 9.18 million shares by adding 1.18 million shares from a selling stockholder. The deal’s original size was 8 million shares at $4.50 to $5.50.)

We are a healthcare information technology company focused on advancing innovative industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the healthcare and life sciences industry.

The company has several Fortune 500 clients in the life sciences industries and works with many hospitals.

Our approach leverages our proprietary technology platforms, extensive industry knowledge, and healthcare domain expertise to provide solutions and services that reinforce healthcare progress. Through our platform, solutions, and services, we support healthcare delivery organizations, healthcare insurance companies, pharmaceutical and Life Sciences, biotech companies, and medical device manufacturers in their efforts to improve data management, develop analytical insights into their operations, and deliver measurable clinical, financial, and operational improvements.

We offer a comprehensive suite of software, solutions, platforms and services that enables some of the world’s leading healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to real world evidence, and accelerate their digital transformation. We combine our expertise in the healthcare technology domain, cloud technologies, DevOps and automation, data engineering, advanced analytics, AI/ML, Internet of things (“IoT”), security, compliance, and governance to deliver platforms and solutions that drive improved results in the complex workflows of Life Sciences, biotech, healthcare providers, and payers. Our differentiated solutions, enabled by intellectual property platforms provide advanced analytics, data science applications, and data aggregation in a secure, compliant and cost-effective manner to our customers. Our approach reinforces healthcare progress through advanced technology, extensive industry knowledge, and domain expertise.

Our deep expertise in healthcare allows us to reinforce our clients’ progress by accelerating their innovation. Our healthcare IT services include EHR and software implementation, optimization, extension to community partners, as well as application managed services , and backup and disaster recovery capabilities on public cloud. Our 24×7 managed services are used by hospitals and health systems, payers, life sciences and biotech organizations in their effort to improve health outcomes and deliver deeper, more meaningful patient and consumer experiences. Through our services, our customers achieve return on investment in their technology by delivering measurable improvements. Combined with our software and solutions, our services provide clients with an end-to-end partnership for their technology innovation.

 

Industry: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
Employees: 69
Founded: 2019
Contact Information
Address 4309 Hacienda Dr., Suite 150 Pleasanton, CA 94588
Phone Number (925) 270-4812
Web Address https://www.healthcaretriangle.com/
View Prospectus: Healthcare Triangle
Financial Information
Market Cap $138.8mil
Revenues $34.36 mil (last 12 months)
Net Income $1.5 mil (last 12 months)
IPO Profile
Symbol HCTI
Exchange NASDAQ
Shares (millions): 3.3
Price range $4.00 - $4.00
Est. $ Volume $13.0 mil
Manager / Joint Managers EF Hutton (formerly Kingswood, a division of Benchmark Investments)
CO-Managers -
Expected To Trade: 10/13/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change