HealthStream has hired Tom Schultz to be its senior vice president of sales. Schultz replaces Michael Sousa, who has been selected to serve as senior vice president of business development.
"Great people are necessary for a great company, and therefore, I'm excited to expand our executive team," said Bobby Frist, HealthStream's CEO. "Our team is energized and strengthened by these two executives and the leadership they bring to the company. Both are industry pros and I look forward to their leadership on our executive team."
Previously, Schultz served as vice president of the health care business unit of enterprise software company Infor Inc. He will now oversee revenue growth and market share for HealthStream, which has 3.85 million subscribers to its workforce training services.
"The timing couldn't be better; the innovative solutions that HealthStream offers to assess and develop the health care workforce are urgently needed — and I am excited to lead their efforts to deliver them to health care organizations," Schultz said. "My experience in leading global sales teams will be well utilized as I step in to drive HealthStream's growth strategy."
Shares of HealthStream (Ticker: HSTM) were down about 1 percent to $26.28 in mid-day trading. Year to date, they're down almost 20 percent.