HealthStreamInc. acquired the remaining equity stake in Nursing RegistryConsulting Corp. on July 25, the company said in an earnings release.
HealthStream earlier held a minority equity interest in thecompany that provides SaaS-based clinical assessment and testing services.
Nursing Registry was purchased for about $1.04 million incash. Part of the deal consideration is payable over a 24-month periodfollowing closing, subject to the achievement of certain performance milestonespost-closing.
Joe Caracci and Elease Caracci, co-founders of NursingRegistry, will move to HealthStream's Nashville, Tenn., corporate office.