NASHVILLE, Tennessee (May 2007)—Bailey Southwell & Co., LLC (BSC) announces the completion of the purchase of The Jackson Organization (TJO), a privately held leader in healthcare research, by HealthStream, Inc. (NASDAQ: HSTM), a leading provider of research and learning solutions for the healthcare industry. The transaction, valued at $12.65 million, was closed on March 12, 2007.
Building on the success of HealthStream’s existing research business, HealthStream recently launched HealthStream Research™ concurrently with the acquisition of TJO. HealthStream Research™ provides valuable insight about patients’ experiences, workforce engagement, physician relations, and community perceptions of hospital services. Executives at client healthcare organizations can now gain insight through HealthStream’s research solutions and improve their organizations through HealthStream’s learning solutions.
“As our partner, Bailey Southwell worked extensively with us to close the transaction to acquire The Jackson Organization,” said Robert A. Frist, Jr., chief executive officer of HealthStream. “The Bailey Southwell professionals used creative structuring and an effective negotiating style to close the transaction successfully.”
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 a leading provider of research and learning solutions for the healthcare industry, transforming insight into action to deliver outcomes-based results for healthcare organizations. Through HealthStream’s learning solutions—which have been contracted by over 1.49 million hospital-based healthcare professionals—healthcare organizations create safer environments for patients, increase clinical competencies of their workforces, and facilitate the rapid transfer of the latest knowledge and technologies. Through our research products, executives from healthcare organizations gain valuable insight about patients’ experiences, workforce challenges, physician relations, and community perceptions of their services. Based in Nashville, Tennessee, HealthStream has three satellite offices. For more information about HealthStream’s learning and research solutions, visit www.healthstream.com or call 800-933-9293.