HealthStream to be Acquired by Audax Group
Ticker: HSTM · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1095565
| Field | Detail |
|---|---|
| Company | Healthstream Inc (HSTM) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00, $0.028 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, going-private, merger
Related Tickers: HSTM
TL;DR
HealthStream going private via Audax Group deal expected Q2 2024.
AI Summary
HealthStream, Inc. announced on April 22, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Audax Group. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions. This acquisition will result in HealthStream becoming a privately held company.
Why It Matters
This acquisition marks a significant shift for HealthStream, moving from a publicly traded entity to private ownership under Audax Group, which could impact its strategic direction and operational focus.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, and there's always a risk that such deals may not be completed.
Key Players & Entities
- HealthStream, Inc. (company) — Registrant
- Audax Group (company) — Acquiring entity
- April 22, 2024 (date) — Date of report and earliest event
- Second quarter of 2024 (date) — Expected closing period for acquisition
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces that HealthStream, Inc. has entered into a definitive agreement to be acquired by an affiliate of Audax Group.
Who is acquiring HealthStream, Inc.?
An affiliate of Audax Group is acquiring HealthStream, Inc.
When is the acquisition expected to close?
The acquisition is expected to close in the second quarter of 2024.
What will be the status of HealthStream, Inc. after the acquisition?
HealthStream, Inc. will become a privately held company.
Are there any specific financial figures mentioned in relation to the acquisition agreement?
This filing does not disclose specific financial figures related to the acquisition agreement, only the intent to acquire and the expected closing timeframe.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 9.3 · Accepted 2024-04-22 16:34:52
Key Financial Figures
- $0.00 — ch registered Common Stock (Par Value $0.00) HSTM Nasdaq Check the appropriate
- $0.028 — pany's dividend policy in the amount of $0.028 per share of the Company's outstanding
Filing Documents
- hstm20240311_8k.htm (8-K) — 30KB
- ex_637743.htm (EX-99.1) — 219KB
- logo.jpg (GRAPHIC) — 4KB
- 0001437749-24-012710.txt ( ) — 405KB
- hstm-20240422.xsd (EX-101.SCH) — 3KB
- hstm-20240422_def.xml (EX-101.DEF) — 12KB
- hstm-20240422_lab.xml (EX-101.LAB) — 15KB
- hstm-20240422_pre.xml (EX-101.PRE) — 12KB
- hstm20240311_8k_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On April 22, 2024, HealthStream, Inc. (the "Company") issued a press release announcing results of operations for the first quarter ended March 31, 2024 and reaffirming guidance for the full year 2024, the text of which is set forth in Exhibit 99.1.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On April 22, 2024 the Company issued a press release announcing results of operations for the first quarter ended March 31, 2024 and reaffirming guidance for the full year 2024, the text of which is set forth in Exhibit 99.1.
01 Other Events
Item 8.01 Other Events. On April 22, 2024, we announced that our Board of Directors declared a quarterly cash dividend under the Company's dividend policy in the amount of $0.028 per share of the Company's outstanding common stock, which dividend will be payable on May 17, 2024 to holders of record on May 6, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 99.1* Press release dated April 22, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Furnished herewith. Exhibit Index Exhibit Number Description 99.1* Press release dated April 22, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Furnished herewith.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HealthStream, Inc. Date: April 22, 2024 By: /s/ Scott A. Roberts Scott A. Roberts Chief Financial Officer