NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream (NASDAQ: HSTM), a leading provider of workforce development
and research/patient experience solutions for the healthcare industry,
announced today that it has completed the acquisition of San Diego-based
HealthLine Systems. Through this transaction, market-leading
products for credentialing, privileging, quality management, and contact
center optimization are added to HealthStream's comprehensive solution
offering for healthcare organizations.
The purchase price for the acquisition was approximately $88 million,
which was paid in cash.
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 software-as-a-service (SaaS)
solutions is contracted by, collectively, approximately 4.3 million
healthcare employees in the U.S. for workforce development, training &
learning management, talent management, performance assessment, and
managing simulation-based education programs. Our research solutions
provide valuable insight to healthcare providers to meet HCAHPS
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. 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.
HealthStream, Inc.
Mollie Condra, Ph.D., 615-301-3237
mollie.condra@healthstream.com
Source: HealthStream, Inc.
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