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HealthStream acquires Virsys12 for credentialing solutions

PUBLIC · HSTMOct 08, 20258 months ago

Acquiring Company

HealthStream

Acquired Company

Virsys12

NashvilleUnited StatesSoftwareConsumer GoodsInformation TechnologyHealth Care

Description

HealthStream has acquired Virsys12 to enhance its provider data management and credentialing application offerings. This strategic acquisition aims to improve HealthStream's solutions for payers in the healthcare industry. Virsys12’s V12 Enterprise application will integrate into HealthStream's existing services, enhancing capabilities for both companies.

Company Information

Company

HealthStream

Location

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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M&A Insights

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Integration timeline
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Post-acquisition investment
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