M&A
confidence high
sentiment positive
materiality 0.55
HealthStream acquires remaining equity of CloudCME for ~$8.2M in cash and stock
HEALTHSTREAM INC
- Purchase price: ~$4.08M cash plus 208,567 shares (~$4.08M); total ~$8.16M.
- HealthStream previously owned ~20% of CloudCME since March 2019; now owns 100%.
- CloudCME provides SaaS for managing CME, CNE, CPE, and other continuing education credits.
- Combined with Rievent (acquired Dec 2021), HealthStream claims market-leader position in CME/CE management.
- CloudCME CEO Karl Wilkens joins HealthStream; customers to retain same service.