HSTM - HealthStream acquires remaining stake in healthcare tech firm CloudCME

HealthStream (NASDAQ:HSTM) said Wednesday it acquired the remaining stake in CloudCME, a Nashville-based healthcare technology company. HSTM originally invested in CloudCME in Mar. 2019 when it purchased ~20% stake in the firm. Consideration for CloudCME's outstanding equity that HSTM did not previously own was ~$4.08M in cash and $4.08M in HSTM shares issued through a private placement. With this acquisition, HSTM adds an essential SaaS-based application to its ecosystem for critical workforce needs of healthcare organizations associated with CME/CE management. "The addition of CloudCME, coupled with our acquisition of Rievent Technologies, establishes HSTM as a market-leader for CME and CE management and delivery applications for healthcare organizations," said Kevin O’Hara, SVP and general manager, platform solutions, HealthStream.

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HealthStream acquires remaining stake in healthcare tech firm CloudCME