Operating Company Healthcare

HST Pathways

Nashville, Tennessee, United States

Provider of ASC software and solutions designed to support the entire patient journey, helping ambulatory surgery centers build, grow, and run their facilities while improving revenue, care, and clinical operations (HST One suite).

Focus Areas
Ambulatory surgery center (ASC) software, ASC practice management, EHR
Website
hstpathways.com

Tracked deals

12

12 tracked deals across 2015-2025.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

11 buyout · 1 addon

HST Pathways Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for HST Pathways. 1 2019 3 2020 1 2021 2 2022 4 2025

Supporting Data

Recent Transactions

  • Buyer
    HealthStream
    Target
    MissionCare Collective
    Type
    Buyout

    HealthStream has acquired MissionCare Collective, the operator of myCNAjobs.com and related workforce tools, in a deal valued at up to $40 million. The acquisition adds the nation's largest caregiver career network to HealthStream's hStream platform, expanding its workforce ecosystem to better serve non-medical caregivers, home health aides, and CNAs.

  • Buyer
    HealthStream
    Target
    Total Clinical Placement System (TCPS), The Clinical Hub
    Seller
    Cyber Healthcare Solutions, LLC
    Location
    United States
    Type
    Buyout

    HealthStream has acquired the Total Clinical Placement System (TCPS) and The Clinical Hub from Cyber Healthcare Solutions, LLC to expand its clinical rotation and student placement capabilities. The deals (up to $1.65M for TCPS and up to $600k for The Clinical Hub, subject to adjustments and earnouts) integrate both platforms with HealthStream’s myClinicalExchange to broaden placement options for nursing and allied health students and strengthen the company’s clinical-rotation services.

  • Buyer
    HealthStream
    Target
    Virsys12
    Type
    Buyout

    HealthStream (Nasdaq: HSTM) acquired Virsys12, a healthcare technology company that provides provider data management for onboarding, credentialing, and network management for payers and health plans. The deal expands HealthStream’s credentialing application suite, including its Network by HealthStream solution.

  • Buyer
    HST Pathways, Bain Capital
    Target
    J.L. Morgan & Associates
    Location
    United States
    Type
    Buyout

    HST Pathways acquired J.L. Morgan & Associates through its holding company Bain Capital. J.L. Morgan & Associates is a CMS-approved OAS CAHPS survey vendor serving outpatient and ambulatory surgery centers, and the acquisition is intended to deepen HST’s patient experience and quality measurement capabilities for ASCs.

  • Buyer
    HealthStream
    Target
    CloudCME
    Type
    Buyout

    HealthStream (Nasdaq: HSTM) completed the acquisition of the remaining equity interest in CloudCME, a Nashville-based SaaS provider of continuing medical education (CME/CE) management tools. The transaction (approx. $4.08M cash plus $4.08M in HealthStream common stock, subject to working capital adjustments) expands HealthStream’s platform capabilities for healthcare continuing education and consolidates CloudCME’s nationwide customer base into HealthStream’s ecosystem.

  • Buyer
    HST Pathways
    Target
    Simplify ASC
    Industry
    Cloud & SaaS
    Type
    Addon

    HST Pathways, a Bain Capital company and provider of end-to-end software for ambulatory surgery centers, has acquired Simplify ASC, a Nashville-area software firm offering revenue cycle management and ASC management tools. The deal expands HST Pathways' ASC product suite and combines product development efforts to accelerate innovation and improve outcomes for ambulatory surgery center customers.

  • Buyer
    HealthStream, Inc.
    Target
    ComplyALIGN (ProcessDATA, Ltd.)
    Type
    Buyout

    HealthStream, Inc. (Nasdaq: HSTM) has acquired ComplyALIGN (incorporated as ProcessDATA, Ltd.), a Chicago-based provider of SaaS policy management and hospital intranet solutions. The acquisition (all outstanding equity) expands HealthStream's healthcare workforce and compliance product suite; ComplyALIGN's ~11 employees support more than 200 healthcare facilities, including over 150 hospitals.

  • Buyer
    HealthStream
    Target
    myClinicalExchange LLC
    Seller
    myClinicalExchange LLC
    Type
    Buyout

    HealthStream acquired substantially all of the assets of myClinicalExchange LLC for approximately $4.5 million in cash, gaining a SaaS application used by roughly 400 hospitals, 1,000 colleges and universities, and 50,000 students annually. The acquisition expands HealthStream's workforce solutions to include the pre-graduation healthcare workforce (medical, nursing, and allied healthcare students) and integrates myClinicalExchange into HealthStream's Workforce Solutions segment.

  • Buyer
    HealthStream
    Target
    ShiftWizard, Inc.
    Type
    Buyout

    HealthStream (Nasdaq: HSTM) acquired ShiftWizard, a Raleigh-based provider of SaaS nurse and staff scheduling solutions, for approximately $32.0 million in cash. The acquisition expands HealthStream's workforce solutions portfolio—adding scheduling, productivity and forecasting capabilities to better serve hospitals and other healthcare providers.

  • Buyer
    HealthStream
    Target
    NurseGrid
    Type
    Buyout

    HealthStream (Nasdaq: HSTM) acquired NurseGrid, a Portland, Oregon–based healthcare technology company that operates the NurseGrid Mobile app and NurseGrid Enterprise, for approximately $25 million in cash. NurseGrid has over 260,000 monthly active users and about 20 employees; HealthStream said the acquisition will expand its nurse-focused digital offerings and deepen engagement across its workforce solutions ecosystem.

  • Buyer
    HealthStream
    Target
    Providigm LLC
    Type
    Buyout

    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.

  • Buyer
    HealthStream, Inc.
    Target
    HealthLine Systems, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    HealthStream (NASDAQ: HSTM) agreed to acquire San Diego-based HealthLine Systems, Inc. for approximately $88 million in cash. The deal expands HealthStream’s healthcare-focused SaaS offerings by adding HealthLine’s credentialing, privileging, and provider enrollment solutions (including the Echo product) and will be combined with HealthStream’s SyMed business to form an expanded credentialing and provider data management business.

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