NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream (NASDAQ: HSTM), a leading provider of workforce, patient
experience, and provider solutions for the healthcare industry,
announced today that Executive Vice President, Arthur ("Art") E. Newman
will retire at year-end 2015. Upon his retirement, Mr. Newman will step
down from his position on HealthStream's executive team, but he will
remain available to the Company as a Senior Executive Advisor, beginning
in January 2016. In his new advisory role, he will be available to
provide continued guidance and direction for some of the Company's most
important partnerships.
"We thank Art for his extraordinary leadership on HealthStream's
executive team for the last 16 years where he has served as Executive
Vice President and, in earlier years, as Chief Financial Officer," said
Robert A. Frist, Jr., Chief Executive Officer, HealthStream. "Art has
successfully managed some of our most important relationships for the
Company, while helping to strategically navigate a period of significant
growth and change. He has served our Company with the highest standard
of integrity and commitment and I believe the positive impact he has
made on HealthStream will continue to be evident for many years to come."
"The energy and passion driving everyone at HealthStream is as strong
today as it was 16 years ago when I joined the Company," said Mr.
Newman. "It is, therefore, only after much contemplation that I made the
decision at this time to retire from my current position and the
responsibilities involved in day-to-day operations. I couldn't be
prouder of the many accomplishments we have achieved at HealthStream. I
am confident in the leadership of the executive team to carry on with
our long-standing vision to improve the quality of healthcare by
assessing and developing the people who deliver care."
Prior to his position at HealthStream, Mr. Newman served as Executive
Vice President overseeing finance, human resources, information systems,
customer service, and fulfillment at Lippincott, Williams and Wilkins,
formerly Waverly, Inc., a publicly traded medical sciences publisher.
His career in publishing extends over the last 30 years where his career
advanced with positions of increasing responsibility. He joined
HealthStream in early 2000 as Chief Financial Officer as the Company
began the process of becoming a public company. Mr. Newman then
transitioned to Executive Vice President in 2004, a position he has held
to date, along with a concurrent term (i.e. a brief, interim term) as
Chief Financial Officer in 2008 while a permanent replacement for a new
CFO was procured.
In closing, CEO Frist added, "We look forward to continuing to work with
Art beyond his retirement in his new role as Senior Executive Advisor.
Many of his day-to-day responsibilities will be distributed across the
other six members of the executive team and, more broadly, among our
leadership team. We wish Art the very best as he steps into a new role
at HealthStream."
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 healthcare
organizations in the U.S. for workforce development, training & learning
management, talent management, credentialing, provider enrollment,
performance assessment, and managing simulation-based education
programs. Our patient experience/research solutions provide valuable
insight to healthcare providers to meet CAHPS requirements, improve the
patient experience, engage their workforce, and enhance physician
alignment. Based in Nashville, Tennessee, HealthStream has additional
offices in Laurel, Maryland; Brentwood, Tennessee; Pensacola, Florida;
Jericho, New York; and San Diego, California. 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. 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: http://www.businesswire.com/news/home/20151119005196/en/
HealthStream
Mollie Condra, Ph.D., 615-301-3237
mollie.condra@healthstream.com
Source: HealthStream
News Provided by Acquire Media
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