HealthStream Acquires Providigm
January 10, 2019
HealthStream (NASDAQ: HSTM) acquired Providigm LLC, a Denver-based provider of the abaqis SaaS quality-management program for skilled nursing facilities, for approximately $18 million in cash plus up to $500,000 in performance-based consideration. The acquisition (Providigm’s ~45 employees remain in Denver) expands HealthStream's workforce and quality-management offerings to better serve skilled nursing and post-acute care providers, where abaqis is used by over 2,000 facilities.
- Buyers
- HealthStream
- Targets
- Providigm LLC
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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