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Healthstream Inc (HSTM) Q4 2020 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you for standing by, and welcome to the HealthStream, Inc. Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to one of your speakers today Mollie Condra, Vice President, Investor Relations and Communications. Ma am, please go ahead.
Mollie Condra
Vice President of Investor Relations and Corporate Communications
Thank you. Good morning, and thank you for joining us today to discuss our fourth quarter and full year 2020 results. Also in the conference call with me today are Robert A. Frist, Jr., CEO and Chairman of HealthStream; and Scotty Roberts, CFO and Senior Vice President. ....

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HealthStream buys policy management software firm


Also: Pinnacle investment invests in digital banking company
ComplyALIGN
The team at HealthStream has bought a Chicago-based health care technology company, continuing an acquisition run that last year saw it spend more than $130 million on four deals.
The purchase of ComplyALIGN is of a smaller scale: HealthStream is paying about $2 million in cash for the company, which markets a policy management system that helps health care organizations organize workflows, manage tickets and contracts and communicate various policies and procedures. ComplyALIGN’s subscription services are being used by more than 200 facilities, more than 150 of which are hospitals. Employees at a typical hospital, HealthStream says, need to take into account 1,000 policies or more in their daily work. ....

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