Healthcare Triangle subsidiary Devcool receives termination of supplier agreement from Guidant Global effective Feb 4

Healthcare Triangle, Inc.

Devcool, wholly-owned HCTI subsidiary, received termination letter from Guidant Global on Jan 30, 2024.
Agreement termination effective Feb 4, 2024; no new business immediately.
Termination is for convenience per Section 1.2.2 of the Supplier Master Services Agreement.
Company is currently assessing the materiality and impact of the termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Healthcare Triangle, Inc. terminated Supplier Master Services Agreement with Guidant Global Inc. (effective 2024-02-04).

Action: termination
Counterparty: Guidant Global Inc.
Effective: 2024-02-04

Exact text from the filing

On January 30, 2024, Devcool, Inc. (the "Supplier"), a wholly-owned subsidiary of the Healthcare Triangle, Inc. ("HCTI" or the "Company") received a letter from Guidant Global Inc. ("Guidant"), terminating the Supplier Master Services Agreement (the "Agreement") by and between Guidant and the Supplier, regarding the Supplier’s services to City of Hope National Medical Center, City of Hope Medical Foundations, Beckman Research Institute of the City of Hope, and City of Hope effective February 04, 2024.

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Healthcare Triangle, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-009734

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