HealthStream announced on November 5, 2024, the completion of two strategic acquisitions: Total Clinical Placement System (TCPS) and The Clinical Hub, Inc. These acquisitions significantly expand HealthStream's presence among nursing and allied healthcare students.
TCPS was acquired on October 31, 2024, and The Clinical Hub, Inc. on November 1, 2024. These additions, combined with HealthStream’s existing myClinicalExchange™ application, enhance the company's ability to manage clinical rotations, including scheduling, onboarding, and compliance for students, schools, and healthcare organizations.
The acquisitions broaden HealthStream's geographic coverage in Tennessee, surrounding states, and Oklahoma. The purchase price for TCPS was up to $1.65 million in cash, and for The Clinical Hub, up to $0.6 million in cash, both subject to earnout achievement.
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