Healthcare Triangle signs non-binding LOI for CosmoInnovations stake
Healthcare Triangle signed a non-binding LOI to buy a 51% stake in Melbourne-based CosmoInnovations.
Total consideration is set at USD 23.5 million, split between cash, equity, and performance-linked milestones over three years.
The deal would shift Healthcare Triangle toward a product-led model spanning MedTech, BeautyTech, and consumer-health devices.
CosmoInnovations' portfolio includes 27 granted international patents and 61 pending applications, with a projected USD 50 million three-year revenue pipeline.
CosmoInnovations' CirQlight LED technology is manufactured by Shenzhen RedV, which completed FDA establishment registration and device listing for fiscal 2025.
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