HealthStream (Nasdaq: HSTM), a Nashville, Tenn.-based provider of workforce and provider solutions for the healthcare industry, acquired substantially all of the assets of Rievent Technologies, a Virginia-based healthcare technology company.
The amount of the deal was approximately $4.0 million in cash, subject to customary purchase price adjustments.
Through the acquisition, HealthStream gains a SaaS-based continuing education (CME/CE) management and delivery application, branded as Rievent™, which supports publishers, professional associations, healthcare insurance companies, and healthcare providers. Features include full activity management tools, certification management, multi-device mobility for on-the-go access to CME and CE activities, searchable activity catalog and events calendar, along with many self-service learner capabilities. The application simplifies tasks for both the learner and the CME/CE administrator with user-interface design, insightful dashboards, and automation.
The company was led by Randy Rienerth, founder & Chief Executive Officer.
HealthStream provides a unified suite of solutions contracted by healthcare organizations across the U.S. for workforce development, training & learning management, nurse & staff scheduling, clinical education, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs.