HealthStream, a provider of workforce and provider solutions for the healthcare industry, announces that it has entered into a definitive agreement to acquire Change Healthcare’s staff scheduling business, which includes its ANSOS Staff Scheduling application and related products, for approximately $67.5 million in cash.
“We are excited to add ANSOS to HealthStream’s growing nurse and staff scheduling business for healthcare providers as we believe this is a major win for everyone: customers, partners, employees, and shareholders.
“The closing of this transaction will establish HealthStream as an industry leader in nurse and staff scheduling for healthcare providers. Considering our strong track record of strengthening acquired products and solutions to deliver even greater value to customers, I believe we are well positioned for continued growth and innovation in workforce management.”
— Robert A. Frist, Jr, Chief Executive Officer, HealthStream
ANSOS is an enterprise solution for healthcare providers that want to anticipate workload requirements, manage labor costs, apply complex work rules, and meet credential requirements for shifts—all for the purpose of optimizing staff deployment. It is used by over 300 hospitals and health systems and continues to be recognized as a market leader in nurse and staff scheduling by KLAS.
The addition of Change Healthcare’s staff scheduling business will expand HealthStream’s growing portfolio of solutions for staff scheduling and workforce management, which began in early 2020 with the acquisition of NurseGrid and grew further with the acquisition of ShiftWizard last month. The complementary positioning of ANSOS, ShiftWizard, and NurseGrid will enable future data integrations and advanced analytics that yield smarter schedule development while enhancing engagement with staff, a media release from HealthStream explains.
Related Products in Acquisition
In addition to the ANSOS Staff Scheduling application, the contemplated acquisition includes related products: Enterprise Visibility, a patient tracking system, and Capacity Planner, a predictive analytics tool. Importantly, all three products work in concert with each other, creating a powerful solution suite for aligning staff and scheduling based on patient acuity, predicting patient demand, and adjusting resources for optimal outcomes.
Following the acquisition, customer support for each of these products will remain in place. Approximately 90 employees from Change Healthcare will join HealthStream upon closing. Together, ANSOS, ShiftWizard, and NurseGrid represent HealthStream’s portfolio of nurse and staff scheduling solutions with executive oversight provided by Scott McQuigg, Senior Vice President, HealthStream. These solutions will be included in HealthStream’s Workforce Solutions business segment, the release continues.
“We have an exciting vision for the future of scheduling and engaging nurses and staff, while helping healthcare providers better align staffing with demand
“I would like to extend a warm welcome to Change Healthcare’s customers and employees as we work together to achieve that vision.”
— Scott McQuigg, Senior Vice President, HealthStream
[Source(s): HealthStream, Business Wire]