Matthew Hewitt

Richard Close

Vincent Colicchio

Constantine Davides

Jared Haase

John Pinney

Ryan Daniels

Stephanie Davis

- HealthStream (Nasdaq: HSTM) **acquired Virsys12**, a healthcare technology company, on **October 8, 2025**.  **[1095565_0001437749-25-030734_ex_868087.htm:0]** **[1095565_0001437749-25-030734_hstm20251009_8k.htm:1]** 
- Virsys12 specializes in a **provider data management suite** for payers and health plans, which will expand HealthStream's existing Network by HealthStream™ solution and broader Credentialing application suite.  **[1095565_0001437749-25-030734_ex_868087.htm:0]** 
- The purchase price for Virsys12 was **up to $17 million in cash**, subject to earnout achievement and a post-closing working capital adjustment.  **[1095565_0001437749-25-030734_ex_868087.htm:1]**

HealthStream acquires Virsys12 to expand credentialing solutions

- **HealthStream (HSTM)** has acquired **Virsys12**, a healthcare technology company specializing in provider data management solutions for payers and health plans.  **[1095565_d0053a0ecf4c47978b5b9a71bf0fbf10_0]** 
- This acquisition expands HealthStream's existing credentialing application solution, **Network by HealthStream™**, enhancing its capabilities to serve payers throughout the healthcare industry.  **[1095565_d0053a0ecf4c47978b5b9a71bf0fbf10_0]** **[1095565_d0053a0ecf4c47978b5b9a71bf0fbf10_1]** 
- HealthStream purchased Virsys12 for up to **$17 million in cash**, with the full payment contingent on earnout achievement and subject to a post-closing working capital adjustment.  **[1095565_d0053a0ecf4c47978b5b9a71bf0fbf10_1]**

HealthStream Acquires Virsys12

HEALTHSTREAM (HSTM)