HealthStream (HSTM) Acquires Decision Critical in $4.3M Deal

July 2, 2012 9:28 AM EDT
HealthStream, Inc. (Nasdaq: HSTM), has acquired Decision Critical, Inc., an Austin, Texas based company that specializes in learning and competency management products for acute-care hospitals. Through the acquisition, HealthStream adds a patented technology to its suite of innovative software-as-a-service (SaaS) based solutions as well as a customer base committed to advancing the development of their workforce.

HealthStream has purchased all of the shares of Decision Critical for up to approximately $4.3 million, which includes $3.5 million of cash consideration, 22,124 shares of HealthStream’s common stock and a contingent payment of $300,000 based on the achievement of certain milestones post-closing.

HealthStream does not anticipate the acquisition of Decision Critical to have a material financial impact on full-year 2012 results.

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