HealthStream Acquires Electronic Education Documentation System, LLC (d/b/a “eeds”) - Seite 2

“The acquisition of eeds adds to HealthStream’s growing marketplace of applications that gives our customers choice in the solutions that are most appropriate for their unique needs,” said Kevin O’Hara, Senior Vice President & General Manager, Platform Solutions, HealthStream. “I am pleased to welcome all of eeds’ customers, users, and employees to HealthStream as we work together to continue supporting the delivery and management of continuing education.”

Along with HealthStream’s previous acquisitions of Rievent Technology in December 2021 and CloudCME in May 2022, the addition of eeds further fulfills a component of the Company’s inorganic growth strategy. As stated in HealthStream’s Investor Day presentation in September 2022, inorganic growth is anticipated to continue to play a role in the Company’s capital allocation strategy—and this acquisition is consistent with those strategic objectives.

“Rievent Technology, CloudCME, and eeds were all founder-led businesses prior to joining HealthStream,” commented Michael Collier, Executive Vice President, Corporate Strategy & Development. “HealthStream’s ability to acquire three of the most respected CME/CE management companies in the industry in the matter of a year speaks volumes about the confidence that these founders have in HealthStream’s commitment to improve the quality of healthcare and be the best home for their businesses, employees, and customers going forward.”

To lead HealthStream’s specialty business line of CME/CE management applications, Karl Wilkins, who is the prior CEO of CloudCME and a current Vice President at HealthStream, will assume responsibilities for the management, growth, and future integration of all three applications gained via these recent acquisitions.

Terms of the Transaction:

HealthStream acquired substantially all of the assets of eeds for approximately $7.0 million in cash, subject to customary post-closing purchase price adjustments.

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 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.