John Bell, CEO of Boxwood Technology, announced a new partnership with HealthStream (NASDAQ: HSTM), a leader in research, learning, and talent management solutions for the healthcare industry. Bell stated that the agreement will benefit the 280+ professional associations and societies of the National Healthcare Career Network (NHCN), which Bell leads as Managing Partner, in two distinct ways. “Our NHCN partners now have the opportunity to expand sales of their courseware through HealthStream’s nationwide distribution network of healthcare organizations and offer HealthStream’s learning programs to their members via their own Web sites. As a trusted partner with nearly 1,000 associations, Boxwood only forms relationships with top providers in their fields, and HealthStream certainly fits that criteria. By bringing HealthStream’s proven competencies and market depth to our NHCN partners, we expect great outcomes for all involved.” Known for creating and delivering assessment, development, and talent management products and services, HealthStream has customer relationships with thousands of healthcare providers, including over half of U.S. hospitals. According to Art Newman, Executive Vice President at HealthStream, “Boxwood’s success in creating a robust healthcare association network is widely respected in the industry. We're excited to help the NHCN's association partners bring additional educational value to their members -- and increase their revenue as a result." Several associations in the NHCN already provide their members with HealthStream's products and services. Bell commented, “During our vetting process, we learned that our NHCN partners have seen significant increases in educational revenue via HealthStream's sales channels. It was one of the key factors in our interest in joining forces with HealthStream…a proven way for our partners to drive more success.” Powered by Boxwood Technology’s association-focused platform, the NHCN integrates the career centers of healthcare associations for nurses, allied health professionals, physicians/surgeons, academic/research experts, and more. "The NHCN has already become a dominant force in connecting employers with healthcare's best talent. Now, with HealthStream, we feel great about being part of preparing our nation's healthcare workforce of the future," Bell said.
Investors considering a purchase of Healthstream Inc shares, but cautious about paying the going market price of $28.86/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $22.50 strike, which has a bid at the time of this writing of 95 cents.