HealthStream, Inc. (NasdaqGS:HSTM) acquired Providigm, LLC for $22.2 million on January 10, 2019. The consideration includes approximately $18 million in cash, subject to a post-closing working capital adjustment. In addition, up to an additional $0.5 million in cash may be paid following the closing based on the financial performance of Providigm during an 18-month period following closing and an additional cash of $4.15 million held in escrow. HealthStream funded the $18 million cash portion with cash on hand (subject to a post-closing working capital adjustment). $0.5 million paid will be held in escrow for a period of time following the closing to serve as a source of recovery for any post-closing working capital adjustment claims in favor of HealthStream, and an additional $3.65 million will be held in escrow for a period of time following the closing to serve as a source of recovery for certain potential indemnification claims by HealthStream. Providigm’s operations along with the continued contributions of their approximately 45 employees will continue in its Denver office. HealthStream, Inc. (NasdaqGS:HSTM) completed the acquisition of Providigm, LLC on January 10, 2019.