Baptist Health Care, a nonprofit, four-hospital system based in Pensacola, Fla., has sold its for-profit consulting practice to HealthStream, a Nashville, Tenn.-based healthcare data firm.
Baptist sold Baptist Leadership Group for $8.5 million. Roughly $8 million of the transaction was paid in cash, while the remaining $500,000 came in the form of HealthStream's common stock.
In a news release, HealthStream CEO Robert Frist Jr. said the acquisition of BLG would help his company expand their patient experience benchmarking abilities, a core component of HealthStream.
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