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HealthStream, Inc acquires Health Care Compliance Strategies

Tuesday, 4 Mar 2014 09:25am EST 

HealthStream, Inc:Says it has acquired Health Care Compliance Strategies, Inc., a Jericho, New York-based company focused on interactive and engaging online compliance training for healthcare organizations.The company purchased the outstanding equity of HCCS for about $13.0 mln in cash, subject to a post-closing working capital adjustment, and $2.4 mln in shares of HealthStream's common stock in a private placement.In addition, up to an additional $750,000 in cash will be paid over a 12-month period following closing, subject to the achievement of certain performance milestones post-closing. 

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24 Apr 2015