HealthStream, Inc. Announces Revised Strategic Relationship With WebMD
BUSINESS WIRE - January 08, 2001 12:21
NASHVILLE, Tenn., Jan 8, 2001 (BW HealthWire) -- HealthStream, Inc. (Nasdaq/NM: HSTM) announced today that the Company has entered into a binding Letter of Understanding with WebMD (Nasdaq/NM: HLTH) that terminates the prior agreements and sets forth a new business arrangement. Under the new, non-exclusive three-year arrangement, HealthStream will be a `preferred provider' of continuing medical education, continuing education, and board preparation courses for WebMD's professional portal.
Under the new arrangement, financial consideration will be based entirely on revenues generated from the sale of HealthStream's services to WebMD's professional portal customers.
Robert A. Frist, Jr., chief executive officer of HealthStream, said, "We are pleased to be continuing our relationship with WebMD, and we will look forward to providing our world class education through WebMD's professional portal."
About HealthStream
HealthStream, Inc., based in Nashville, Tennessee, with offices in Dallas, Denver, Boston, Houston and Raleigh, is a leading provider of e-learning solutions for the healthcare industry.
Healthcare organizations use HealthStream's e-learning solutions to improve learning, increase compliance, and enhance organizational effectiveness for nurses, technicians, staff workers, physicians, and all clinical and non-clinical healthcare employees throughout the enterprise. Pharmaceutical and medical device companies use HealthStream's e-learning solutions to launch educational programs and reach healthcare professionals. Content providers use HealthStream's e-learning solutions to expand the reach of their programs worldwide. Healthcare portals for professionals use HealthStream's e-learning solutions to provide an instant, co-branded e-learning Web site for their users. HealthStream can be visited on the Web at www.healthstream.com |
