M&A Deal Summary

Healthstream Acquires Virsys12

On October 8, 2025, Healthstream acquired internet software and services company Virsys12 for 17M USD

Acquisition Highlights
  • This is Healthstream’s 8th transaction in the Internet Software and Services sector.
  • This is Healthstream’s 6th largest (disclosed) transaction.
  • This is Healthstream’s 22nd transaction in the United States.
  • This is Healthstream’s 5th transaction in Tennessee.

M&A Deal Summary

Date 2025-10-08
Target Virsys12
Sector Internet Software and Services
Buyer(s) Healthstream
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Virsys12

Brentwood, Tennessee, United States
Virsys12 is a healthcare technology company that offers payers and health plans an innovative provider data management suite used for onboarding, credentialing, and network management. Virsys12 was founded in 2012 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Healthstream

Nashville, Tennessee, United States

Category Company
Founded 1990
Sector Internet Software and Services
Employees1,079
Revenue 279M USD (2023)
DESCRIPTION

Healthstream is a provider of software-as-a-service (SaaS) solutions to healthcare employees in the U.S. for training & learning management, talent management, performance assessment, credentialing, and managing simulation-based training programs. Healthstream was founded in 1990 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 23 of 23
Sector: Internet Software and Services M&A 8 of 8
Type: Add-on Acquisition M&A Deals 21 of 21
State: Tennessee M&A 5 of 5
Country: United States M&A 22 of 22
Year: 2025 M&A 1 of 1
Size (of disclosed) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Total Clinical Placement System

Murfreesboro, Tennessee, United States

Total Clinical Placement System provides best-practice solutions for clinical onboarding for schools, facilities, collaboratives, regions, and states. Total Clinical Placement System is based in Murfreesboro, Tennessee.

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