NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 6, 2018--
HealthStream (NASDAQ: HSTM), a leading provider of workforce and
provider solutions for the healthcare industry, today announced its
signing of a new, three-year agreement with RQI Partners, LLC, a joint
venture partnership between Laerdal Medical and the American Heart
Association. This joint venture is the primary authorized provider of
HeartCode® and Resuscitation Quality Improvement® (RQI®) products that
have been distributed by HealthStream over recent years. Under the terms
of the agreement, hospitals and health systems will have the option of
having their American Heart Association/Laerdal Medical resuscitation
solutions delivered via HealthStream’s Learning Center™ (HLC), beginning
January 1, 2019. These solutions include the full portfolio of
Resuscitation Quality Improvement products, including their HeartCode,
RQI, and the RQI 2020 suite of products, launching in January 2019.
“While HealthStream will not be marketing, selling, or contracting any
of American Heart Association/Laerdal Medical RQI products, the new
agreement does provide for continuity of service for shared customers
and delivery via HealthStream’s Learning Center™," said Robert A. Frist,
Jr., Chief Executive Officer, HealthStream.
Because RQI Partners’ resuscitation solutions will be HLC-validated,
they have met HealthStream’s standards for high-quality delivery and
integration on the HLC. Under the terms of the agreement, HealthStream
will receive an economic benefit for the provision of these services.
“Our new agreement with HealthStream will allow continuation of the
convenience and reliability that our mutual customers have grown to
appreciate as the American Heart Association and Laerdal Medical RQI
Programs are delivered on HealthStream’s widely-adopted Learning
Center™,” said Clive Patrickson, Chief Executive Officer, RQI Partners.
About HealthStream
HealthStream (NASDAQ: HSTM) is dedicated to improving patient outcomes
through the development of healthcare organizations' greatest asset:
their people. Our unified suite of solutions is contracted by
approximately 4.9 million healthcare employees in the U.S. for workforce
development, training & learning management, talent management,
credentialing, privileging, provider enrollment, performance assessment,
and managing simulation-based education programs. Based in Nashville,
Tennessee, HealthStream has additional offices in Brentwood, Tennessee;
Jericho, New York; Boulder; Colorado; San Diego, California; and
Chicago, Illinois. For more information, visit http://www.healthstream.com
or call 800-933-9293.
This press release contains forward-looking statements that involve
risks and uncertainties regarding HealthStream. Investors are cautioned
that such results or events predicted in these statements may differ
materially from actual future events or results. This information has
been included in reliance on the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that
such results or events predicted in these statements may differ
materially from actual future events or results.These
forward-looking statements are based on a variety of assumptions that
may not be realized, and which are subject to significant risks and
uncertainties, including that the acquisition may not be consummated and
that the anticipated financial and strategic benefits of the acquisition
may not be realized, as well as risks and uncertainties referenced from
time to time in the Company’s filings with the Securities and Exchange
Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005198/en/
Source: HealthStream
Mollie Condra, Ph.D.
HealthStream
(615)-301-3237
mollie.condra@healthstream.com