NASHVILLE, Tennessee (July 2014) — Bailey Southwell & Co., LLC (BSC) announces the completion of the acquisition of Health Care Compliance Strategies, Inc. (HCCS), a privately held company that is focused on improving the quality of patient care by providing interactive and engaging online compliance training for healthcare organizations, by HealthStream, Inc. (NASDAQ: HSTM), a leading provider of workforce development and research/patient experience solutions for the healthcare industry. The transaction closed on March 3, 2014.
While HealthStream has long been the leading provider of OSHA and Joint Commission compliance training in U.S. hospitals, the addition of HCCS expands their compliance solution with a full continuum of services and programs that address the broad range of compliance priorities. Through this acquisition, HealthStream gains a comprehensive curriculum of premium courseware and an outstanding workforce development application for managing conflicts of interest disclosures, along with a team of professionals with extensive industry experience and thought leadership in healthcare compliance.
“The Bailey Southwell team is an integral part of our corporate development team. We are pleased to have completed four successful transactions together,” said Robert A. Frist, Jr., chief executive officer, HealthStream. “We value their expert, objective advice and their unwavering commitment to closing transactions.”
About Bailey Southwell & Co.
Bailey Southwell & Co., LLC, founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
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 four 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, and Jericho, New York. For more information, visit www.healthstream.com or call 800-933-9293.