HealthStream announced it acquired Providigm LLC, a quality assurance company, last week for $18 million.
Providigm is known for its abaqis® program to help skilled nursing companies improve their quality ratings, and currently counts more than 2,000 SNFs using the program. HealthStream is focused on healthcare workforce development.
Andrew Kramer, M.D., co-founder and CEO at Providigm, said the company will retain its Denver offices, along with 45 employees.
“The link between delivering quality care and the competency development / training of those eldercare providers is unequivocal,” Kramer said. “That’s why I believe HealthStream’s acquisition of Providigm is particularly opportune — as they have the resources, knowledge, and technology to advance our solutions to the next level, helping providers achieve the best outcomes.”
Providigm is a “terrific company doing important work,” added HealthStream CEO Robert A. Frist Jr.
“We are excited to expand our workforce solutions to further support the continuum of care, particularly among the nation’s skilled nursing facilities,” he said.
