HealthStream Inc. acquires Total Clinical Placement System LLC and The Clinical Hub Inc. to enhance clinical rotation solutions

PUBLIC · HSTMNov 06, 2024

Acquiring Company

HealthStream

Acquired Company

The Clinical Hub

Nashville

Oklahoma City

MurfreesboroSoftwareConsumer GoodsBiotechnologyHealth CareHealth Care

Description

HealthStream Inc., a leading health care IT firm, has expanded its portfolio through the acquisition of Total Clinical Placement System LLC and The Clinical Hub Inc. These companies will collaborate with HealthStream’s myClinicalExchange application to further facilitate clinical rotations and extend their reach across East and West Tennessee and Oklahoma, adding significant value to the healthcare workforce solutions provided by HealthStream.

Quick answer

HealthStream is acquiring The Clinical Hub and Total Clinical Placement System, announced November 6, 2024. HealthStream is based in Nashville, Tennessee, United States.

How much did HealthStream pay for The Clinical Hub?: The deal value was not disclosed.
What does HealthStream do?: HealthStream (Nasdaq: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people.
Where are HealthStream and The Clinical Hub based?: HealthStream is based in Nashville, Tennessee, United States. The Clinical Hub is based in Oklahoma City, Oklahoma, United States.
Who are the decision-makers at HealthStream?: Fundz holds 1 contact at HealthStream. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

HealthStream

Location

500 11th Avenue North

Nashville, Tennessee, United States

About

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 across the U.S. for workforce development, training & learning management, nurse & staff scheduling, clinical education, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. HealthStream’s corporate office is in Nashville, Tennessee. For more information, visit http://www.healthstream.com or call 800-521-0574. This press release includes certain forward-looking statements (statements other than solely with respect to historical fact) that involve risks and uncertainties regarding HealthStream. These statements are based upon management’s beliefs, as well as assumptions made by and data currently available to management. This information has been, or in the future may be, included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company cautions that forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by the forward-looking statements, including that the anticipated benefits of the acquisition may not be realized, as well as the result of risks referenced in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed on February 28, 2022, the Company’s Quarterly Report on Form 10-Q for three months ended March 31, 2022, filed on April 28, 2022, and in the Company’s other filings with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any such forward-looking statements.

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Frequently asked

Who acquired The Clinical Hub?

The Clinical Hub was acquired by HealthStream, based in Nashville. The deal was reported on November 6, 2024. HealthStream (Nasdaq: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people. HealthStream is publicly traded (HSTM) and operates in Software.

When did HealthStream acquire The Clinical Hub?

HealthStream's acquisition of The Clinical Hub was reported on November 6, 2024. HealthStream Inc., a leading health care IT firm, has expanded its portfolio through the acquisition of Total Clinical Placement System LLC and The Clinical Hub Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The Clinical Hub do?

The Clinical Hub is a Medical Testing & Clinical Laboratories, and Healthcare company located in Oklahoma City, Oklahoma It is privately held, operating in Biotechnology, and is based in Oklahoma City.

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