![]() HealthStream expects incremental revenues in 2021 to range between $16.5 and $19.5 million, taking into account an estimated reduction of between $7.0 and $8.0 million related to deferred revenue write-downs. Revenues for the business to be acquired are primarily associated with sales of perpetual software, maintenance, and professional services. ![]() These solutions will be included in HealthStream’s Workforce Solutions business segment. Together, ANSOS, ShiftWizard, and NurseGrid represent HealthStream’s portfolio of nurse and staff scheduling solutions with executive oversight provided by Scott McQuigg, Senior Vice President, HealthStream. Approximately 90 employees from Change Healthcare will join HealthStream upon closing. Considering our strong track record of strengthening acquired products and solutions to deliver even greater value to customers, I believe we are well positioned for continued growth and innovation in workforce management.”įollowing the acquisition, customer support for each of these products will remain in place. “The closing of this transaction will establish HealthStream as an industry leader in nurse and staff scheduling for healthcare providers. Frist, Jr., Chief Executive Officer, HealthStream. “We are excited to add ANSOS to HealthStream’s growing nurse and staff scheduling business for healthcare providers as we believe this is a major win for everyone: customers, partners, employees, and shareholders,” said Robert A. The complementary positioning of ANSOS, ShiftWizard, and NurseGrid will enable future data integrations and advanced analytics that yield smarter schedule development while enhancing engagement with staff. The addition of Change Healthcare’s staff scheduling business will expand HealthStream’s growing portfolio of solutions for staff scheduling and workforce management, which began in early 2020 with the acquisition of NurseGrid and grew further with the acquisition of ShiftWizard last month. ANSOS, Enterprise Visibility, and Capacity Planner) work in concert with each other, creating a powerful solution suite for aligning staff and scheduling based on patient acuity, predicting patient demand, and adjusting resources for optimal outcomes.Īcquisition Expands HealthStream’s Portfolio of Staff Scheduling & Workforce Solutions In addition to the ANSOS Staff Scheduling application, the contemplated acquisition includes related products: Enterprise Visibility™, a patient tracking system, and Capacity Planner™, a predictive analytics tool. Today, the platform is used by over 300 hospitals and health systems and continues to be recognized as a market leader in nurse and staff scheduling by KLAS™. : The purchase price payable upon the closing of the ANSOS acquisition will be approximately $67.5 million in cash (subject to working capital and other customary purchase price adjustments), which will be funded with cash on hand.ĪNSOS is an enterprise solution for healthcare providers that want to anticipate workload requirements, manage labor costs, apply complex work rules, and meet credential requirements for shifts-all for the purpose of optimizing staff deployment. HealthStream, a leading provider of workforce and provider solutions for the healthcare industry has entered into a definitive agreement to acquire Change Healthcare’s staff scheduling business, which includes their market-leading ANSOS™ Staff Scheduling (“ANSOS”) application and related products. – The acquisition will help establish HealthStream as a market leader in healthcare workforce scheduling business. ![]() – HealthStream acquires Change Healthcare’s staff scheduling business for $67.5M in cash which includes the ANSOS™ Staff Scheduling (“ANSOS”) platform and related products.
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