Healthcare Triangle launches AI-focused subsidiary, names new CEO

Healthcare Triangle, Inc. (NASDAQ: HCTI) has established Purpose Health, Inc., a wholly owned subsidiary focused on AI-led healthcare technology services, and appointed Sumit Ganguli as its Chairman and Chief Executive Officer, according to a company statement.

Purpose Health will target U.S. and international healthcare markets, offering AI infrastructure, agentic AI solutions, and managed IT services to providers, payors, life sciences, and medical technology clients. The subsidiary plans to develop partnerships with electronic health record vendors, cloud providers, and AI companies.

Ganguli brings more than three decades of experience in IT and healthcare technology. From 2009 to 2024, he served as President and CEO of a healthcare and technology-focused company, growing revenues approximately 18-fold to roughly $175 million and expanding the workforce to nearly 4,000 employees. He most recently served as Vice Chairman and Board Member of that firm from October 2024 to July 2026.

During his tenure, Ganguli directed client engagements valued between $25 million and $300 million and worked with the Indian Institute of Technology Madras to build and deploy reinforcement learning-based AI monitoring tools at multiple client sites.

Ganguli holds a Doctorate in Business Administration from Drexel University's LeBow College of Business and is an alumnus of Harvard Business School, NYU Stern School of Business, and IIM Calcutta.

"AI is rapidly transforming how healthcare is delivered, and providers, payors, life science and med-tech clients need a partner who understands both the technology and the operational realities of running a healthcare focused organization," Ganguli said.

David Ayanoglou, Chief Financial Officer of Healthcare Triangle, said Ganguli's "deep domain expertise and relationships across the healthcare ecosystem" would help accelerate the delivery of AI-led solutions and partnerships.

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