NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthStream (NASDAQ: HSTM), a leading provider of workforce, patient experience, and provider solutions for the healthcare industry, announced today that Executive Vice President, Arthur (“Art”) E. Newman will retire at year-end 2015. Upon his retirement, Mr. Newman will step down from his position on HealthStream’s executive team, but he will remain available to the Company as a Senior Executive Advisor, beginning in January 2016. In his new advisory role, he will be available to provide continued guidance and direction for some of the Company’s most important partnerships.
“We thank Art for his extraordinary leadership on HealthStream’s executive team for the last 16 years where he has served as Executive Vice President and, in earlier years, as Chief Financial Officer,” said Robert A. Frist, Jr., Chief Executive Officer, HealthStream. “Art has successfully managed some of our most important relationships for the Company, while helping to strategically navigate a period of significant growth and change. He has served our Company with the highest standard of integrity and commitment and I believe the positive impact he has made on HealthStream will continue to be evident for many years to come.”
“The energy and passion driving everyone at HealthStream is as strong today as it was 16 years ago when I joined the Company,” said Mr. Newman. “It is, therefore, only after much contemplation that I made the decision at this time to retire from my current position and the responsibilities involved in day-to-day operations. I couldn’t be prouder of the many accomplishments we have achieved at HealthStream. I am confident in the leadership of the executive team to carry on with our long-standing vision to improve the quality of healthcare by assessing and developing the people who deliver care.”
Prior to his position at HealthStream, Mr. Newman served as Executive Vice President overseeing finance, human resources, information systems, customer service, and fulfillment at Lippincott, Williams and Wilkins, formerly Waverly, Inc., a publicly traded medical sciences publisher. His career in publishing extends over the last 30 years where his career advanced with positions of increasing responsibility. He joined HealthStream in early 2000 as Chief Financial Officer as the Company began the process of becoming a public company. Mr. Newman then transitioned to Executive Vice President in 2004, a position he has held to date, along with a concurrent term (i.e. a brief, interim term) as Chief Financial Officer in 2008 while a permanent replacement for a new CFO was procured.
In closing, CEO Frist added, “We look forward to continuing to work with Art beyond his retirement in his new role as Senior Executive Advisor. Many of his day-to-day responsibilities will be distributed across the other six members of the executive team and, more broadly, among our leadership team. We wish Art the very best as he steps into a new role at HealthStream.”
HealthStream (NASDAQ: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations' greatest asset: their people. Our unified suite of solutions is contracted by healthcare organizations in the U.S. for workforce development, training & learning management, talent management, credentialing, provider enrollment, performance assessment, and managing simulation-based education programs. Our patient experience/research solutions provide valuable insight to healthcare providers to meet CAHPS requirements, improve the patient experience, engage their workforce, and enhance physician alignment. Based in Nashville, Tennessee, HealthStream has additional offices in Laurel, Maryland; Brentwood, Tennessee; Pensacola, Florida; Jericho, New York; and San Diego, California. For more information, visit http://www.healthstream.com or call 800-933-9293.
This press release contains forward-looking statements that involve risks and uncertainties regarding HealthStream. This information has been included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. These forward-looking statements are based on a variety of assumptions that may not be realized, and which are subject to significant risks and uncertainties, including that the acquisition may not be consummated and that the anticipated financial and strategic benefits of the acquisition may not be realized, as well as risks and uncertainties referenced from time to time in the Company’s filings with the Securities and Exchange Commission.