HealthStream Announces the Promotion of Chief Operating Officer J. Edward Pearson to President

NASHVILLE, Tenn.–([1])–HealthStream (NASDAQ: HSTM) today announced Chief Operating Officer
(COO) J. Edward (“Eddie”) Pearson has been promoted to President,
effective immediately. Mr. Pearson will remain as COO as he concurrently
assumes the new role of President. Chief Executive Officer (CEO) and
Chairman of the Board of Directors Robert A. Frist, Jr., who previously
also held the title of President, will remain as the Company’s CEO and
Chairman.

Mr. Pearson, 55, is a 12-year veteran of HealthStream and has served as
its COO and Senior Vice President since 2011. He is responsible for
day-to-day operations throughout HealthStream—with executive oversight
of the Company’s product development & management, sales & marketing,
customer operations, and IT infrastructure & security. Since Mr.
Pearson’s addition to HealthStream and its Executive Team in 2006, the
Company’s customer base of healthcare organization subscribers has more
than tripled, solidifying HealthStream’s position as the leading
provider of workforce development solutions for the healthcare industry.

“Eddie is a seasoned and trusted leader who consistently delivers
results,” said Robert A. Frist, Jr., Chairman & CEO, HealthStream. “With
his demonstrated ability to lead new product development, grow the
Company’s market share, and efficiently manage internal operations, I am
confident that Eddie will excel in his new role. He is highly respected
among employees, board members, and customers alike—and I look forward
to continuing to work with him in the years ahead.”

In his tenure at HealthStream, Mr. Pearson has played a pivotal role in
executing HealthStream’s growth strategies. He has been, for example,
instrumental in the development and implementation of the Company’s
“solution groups” operating model, which drives customer-focused product
development, sales, service, and innovation. He has helped define and
successfully launch business management processes that are currently
utilized across the Company, including the creation of core data and
analytics tools used by sales and product leaders to manage each
solution group.

“HealthStream’s vision to improve healthcare through the development and
support of the healthcare workforce has never been more compelling,”
said J. Edward Pearson, President & COO. “I am excited and energized to
help lead HealthStream with continued excellence and further success in
my new position. It’s gratifying to be a part of—and lead—such an
exceptional organization of great employees who are committed to
improving healthcare.”

Prior to joining HealthStream in June of 2006, Mr. Pearson served as
President and CEO of DigiScript, Inc., Chief Financial Officer (CFO) and
Executive Vice President of Inforum, Inc., CFO of HIE, Inc., CEO of
empactHealth.com, and CEO of Medibuy. His leadership in the healthcare
industry has also been recognized through his participation as a Nashville
Healthcare Council Fellow
in the class of 2014. Starting his career
with a Bachelor’s Degree of Business Administration from Middle
Tennessee State University, Mr. Pearson first worked at William Puryear
& Company, a public accounting firm, as a CPA.

Alongside his leadership at HealthStream, Mr. Pearson has long exercised
a strong commitment to community service. He is currently a Board member
for both the Nashville Memorial Foundation and Best Buddies
International (Tennessee Chapter). He was a founding Board member and
past Chairman of the Board of John Paul II High School.

About 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,
collectively, approximately 4.8 million healthcare employees in the U.S.
for workforce development, training & learning management, talent
management, credentialing, privileging, provider enrollment, performance
assessment, and managing simulation-based education programs. Based in
Nashville, Tennessee, HealthStream has additional offices in Brentwood,
Tennessee; Jericho, New York; Boulder; Colorado; San Diego, California;
and Chicago, Illinois. For more information, visit http://www.healthstream.com[2]
or call 800-933-9293.

This press release contains forward-looking statements that involve
risks and uncertainties regarding HealthStream. Investors are cautioned
that such results or events predicted in these statements may differ
materially from actual future events or results. 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.

References

  1. ^ (www.businesswire.com)
  2. ^ http://www.healthstream.com (cts.businesswire.com)
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