Brentwood Capital Advisors LLC (“BCA”) is pleased to announce that it served as the exclusive financial advisor to HealthStream, Inc. (“HealthStream”) in the sale of its Patient Experience (PX) business to Press Ganey Associates, Inc. (“Press Ganey”), completed on February 12, 2018. HealthStream’s Patient Experience business segment provides survey and research services to healthcare organizations.
Headquartered in Nashville, Tennessee, HealthStream is a leading provider of workforce and provider solutions for healthcare organizations—as its workforce platform is the most adopted platform in the healthcare industry for workforce development. “We enjoyed working with BCA on the divestiture of our Patient Experience business segment. Their expertise, diligence, and decorum played a critical role in maintaining the cadence of the transaction throughout,” stated Michael M. Collier, Senior Vice President of Business Development and General Counsel, HealthStream. “Having a world-class investment banking advisor like BCA in our court proved to be a great asset. We’re pleased to count them as our advisors and our neighbors.”
“We were thrilled to represent HealthStream in the sale of its Patient Experience business,” stated Tom Wylly, Senior Partner at BCA. “HealthStream is the technology-driven leader in providing internet-based learning and workforce solutions to healthcare organizations. We look forward to working with them in the future.”