HealthStream acquires eeds for $7M cash, completing CME management buy spree

HEALTHSTREAM INC

Acquired substantially all assets of eeds for approximately $7.0 million in cash, subject to post-closing adjustments.
Third CME/CE management software acquisition in 13 months, following Rievent (Dec 2021) and CloudCME (May 2022).
Deal fulfills HealthStream's planned inorganic growth strategy for this specialty area, as outlined in Sep 2022 Investor Day.
Karl Wilkins, former CloudCME CEO, will lead the combined CME/CE management applications business at HealthStream.
eeds serves hospitals and health systems; approximately 50% of ACCME-accredited organizations are hospitals.

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