![]() Frist, Jr., Chief Executive Officer, HealthStream. “We are excited to add ANSOS to HealthStream’s growing nurse and staff scheduling business for healthcare providers as we believe this is a major win for everyone: customers, partners, employees, and shareholders,” said Robert A. HealthStream to pay approximately $67.5 million in cash for the business.HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that it has entered into a definitive agreement to acquire Change Healthcare’s staff scheduling business, which includes their market-leading ANSOS™ Staff Scheduling (“ANSOS”) application and related products.ĪNSOS™ Staff Scheduling application-which is contracted by over 300 hospitals and health systems, along with related products, is added to HealthStream’s Workforce Solutions segmentĪcquisition is expected to be accretive to the overall financial results of the Company on a pro forma basis, including its earnings, cash flow, and EPS (before taking into account GAAP required write-downs of acquired deferred revenue) View source version on businesswire.Establishes HealthStream as a market leader in healthcare workforce scheduling business Acquisition is expected to be accretive to the overall financial results of the Company on pro forma basis, excluding deferred revenue write-down The Company undertakes no obligation to update or revise any such forward-looking statements. 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 as the result of risks referenced in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed on February 26, 2020, the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2020, filed on October 29, 2020, and in the Company’s other filings with the Securities and Exchange Commission from time to time. 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. These statements are based upon management’s beliefs, as well as assumptions made by and data currently available to management. This press release includes certain forward-looking statements (statements other than solely with respect to historical fact) that involve risks and uncertainties regarding HealthStream. Based in Nashville, Tennessee, HealthStream has additional offices in Jericho, New York Boulder Colorado Denver, Colorado San Diego, California Chicago, Illinois Portland, Oregon and Raleigh, North Carolina. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Our unified suite of solutions is contracted by healthcare organizations across the U.S. HealthStream (Nasdaq: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people. The purchase price in connection with the acquisition was approximately $67.5 million (subject to working capital and other customary purchase price adjustments), which was paid in cash. These solutions will be included in HealthStream’s Workforce Solutions business segment. HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that it has completed the acquisition of Change Healthcare’s staff scheduling business, which includes their market-leading ANSOS™ Staff Scheduling application and related products.
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