Healthstream Stock Price, News & Analysis

HealthStream (Nasdaq: HSTM) has appointed Terry Allison Rappuhn to its Board of Directors, effective immediately. Rappuhn will also serve on the Audit Committee. She brings extensive experience from her roles on six public company boards, focusing on healthcare providers, with a strong background in finance and cybersecurity governance. Rappuhn’s previous positions include serving as Chief Financial Officer at Quorum Health Group and a Certified Public Accountant at Ernst & Young. Her expertise is expected to enhance HealthStream’s financial oversight and governance.

HealthStream (NASDAQ: HSTM) has announced a significant stock contribution from CEO Robert A. Frist, Jr., amounting to approximately $2.25 million worth of shares. Frist donated 86,494 shares to benefit over 1,000 employees who have not previously participated in equity programs. This grant, effective immediately, will incur a compensation expense of about $2.25 million and an additional $185,000 for related administrative costs, impacting the company’s Q4 2021 financials. Importantly, this transaction will not dilute existing shareholders' shares, except Mr. Frist's.

HealthStream (NASDAQ: HSTM) has acquired substantially all assets of Rievent Technologies for approximately $4 million in cash. This acquisition enhances HealthStream's platform with a SaaS-based continuing education management application, Rievent™, which simplifies the processes for healthcare professionals to maintain licensing requirements. Rievent is recognized for its user-friendly interface and management tools, aiming to improve CME/CE delivery.

The integration of Rievent into the hStream platform is expected to enhance data utilization across applications, benefiting users.

HealthStream (Nasdaq: HSTM) has announced a new share repurchase program, allowing for the buyback of up to $20 million of its outstanding common stock. This initiative aims to enhance shareholder value by potentially increasing earnings per share (EPS). Repurchases will be conducted in the open market, following specific regulations, and may be influenced by market conditions. The program will terminate on November 29, 2022, or when the allocated funds are fully utilized. The plan does not obligate the company to purchase any specific number of shares.

HealthStream (Nasdaq: HSTM) reported third-quarter 2021 revenues of $64.1 million, a 5% increase from $60.9 million in Q3 2020, despite a $9.2 million decline in legacy resuscitation revenues. Operating income dropped 43% to $1.8 million, while net income also decreased 43% to $1.5 million, with EPS at $0.05, down from $0.08. Adjusted EBITDA rose 12% to $12.5 million. The company updated its 2021 guidance, projecting consolidated revenues between $255.5 - $257.5 million and adjusted EBITDA of $51.0 - $53.0 million. Cash and equivalents were reported at $60.6 million.

HealthStream, Inc. (NASDAQ: HSTM) will announce its third quarter 2021 financial results on October 25, 2021, after market close. A conference call to discuss these results is scheduled for October 26, 2021, at 9:00 AM ET. Investors can listen in by dialing 877-647-2842 (U.S.) or 914-495-8564 (international). The company focuses on workforce development and solutions for healthcare organizations, emphasizing enhanced patient outcomes and employee training.

HealthStream, Inc. (Nasdaq: HSTM) reported second-quarter 2021 revenues of $64.8 million, a 7% increase from $60.6 million in the same quarter of 2020. Operating income decreased 20% to $3.4 million and net income fell 29% to $2.4 million, leading to EPS of $0.08 compared to $0.11 in Q2 2020. Despite a $9.7 million decline in legacy resuscitation revenues, growth in workforce and provider solutions offset losses. Adjusted EBITDA increased 20% to $14.5 million. The company anticipates total revenue for 2021 between $253 million and $257 million.

HealthStream, Inc. (Nasdaq: HSTM) announced a conference call to discuss its second quarter 2021 financial results on July 27, 2021, at 9:00 a.m. ET. The results will be released post-market on July 26, 2021. The call is accessible via phone at 877-647-2842 for U.S. participants and 914-495-8564 for international callers, with a live audio webcast available on their investor relations site.

HealthStream specializes in healthcare workforce solutions, aimed at enhancing patient outcomes through training and development.

HealthStream (Nasdaq: HSTM) announced a five-year agreement with Prime Healthcare to implement the American Red Cross Resuscitation Suite program across its 46 hospitals and over 300 outpatient locations. This program aims to enhance CPR training and certification for nearly 50,000 employees, promoting improved patient outcomes. The program includes adaptive learning and simulations, aligning with ILCOR guidelines. HealthStream's CEO expressed confidence in the partnership's potential to elevate healthcare quality, reaffirming the company’s commitment to workforce development.