HealthStream, Inc. (Jefferies).

Buyside, June, 2002 by Francis, David

Rating: Accumulate (Excerpted from the May 2, 2002 Research Report)

(HSTM: NASDAQ)

Company Description:

Headquartered in Nashville, Tenn., HealthStream, Inc. is the leading provider of Internet-based training and education services for the healthcare industry. The company has focused its operating activities around two business units: the Healthcare Organizations division (HCO) selling to hospitals and other large provider organizations and the pharmaceutical and medical device division (PMD) servicing pharmaceutical and medical device companies. To date, HealthStream has amassed a client base of more than 1,300 hospitals (approximately 20% of all U.S. hospitals) that have adopted the company's Internet-based Healthcare Learning Center[TM]...