A quick quiz question: Which local stock has almost tripled the gains posted by Apple in the past year?
It's HealthStream, the same stock that on Tuesday afternoon was up 3 percent, giving it a market value of more than $600 million for the first time ever. Investors have pushed shares of the Nashville-based health education services provider up more than 230 percent to about $23.50 since the beginning of last year. Analysts following the company need to catch up to the latest run: Their median price target is $22.
Global publisher Wolters Kluwer Health says it will market its Lippincott’s Professional Development Programs for nurses through locally based HealthStream's online learning platform. HealthStream already is offering other Lippincotts' nursing courses to its hospital client base.
Shares of health care education provider HealthStream are up about 3 percent in Friday afternoon trading after an analyst said the company's dominance of its market makes it an attractive buyout target. Bloomberg reports that Matt Hewitt at Craig-Hallum Capital told investors that, despite the near-tripling in its shares (Ticker: HSTM) over the past year, HealthStream stock is still cheap compared to many other software-as-a-service companies.
Hewitt, whose firm helped manage HealthStream's stock offering last fall, has been a bull on the company since launching coverage in the fall of 2010, when its shares were changing hands at around $6.
SEE ALSO: Putting HealthStream on IBM's radar from last fall
Vanderbilt University's various colleges and schools are dropping their admissions systems in favor of Oracle software that will consolidate all the admissions information coming onto campus. About 300 people will eventually use the new system, which will be implemented for undergraduate programs by this summer and for VU's graduate and professional programs next year.
"Administering six separate admissions systems has created operational inefficiencies, prevented inter-campus collaboration and increased operating costs. By consolidating our admissions systems with Oracle's PeopleSoft Customer Relationship Management, and integrating it with PeopleSoft Campus Solutions Warehouse and PeopleSoft Performance Management Warehouse, we can provide administrators with a comprehensive view of the institution's admissions and scholarship procedures to accurately assess the strength of our programs and make informed business decisions," said Douglas L. Christiansen, vice provost for enrollment and dean of admissions, Vanderbilt University.
HealthStream looks like it will be picking up some new subscribers to its online training services in the world of University of Alabama-Birmingham, says Avondale Partners analyst Richard Close. University officials recently said they will rebrand the HealthStream platform their Health Services Foundation began using in 2003 and take it systemwide.
Another advantage of the new learning management system will be the ability to self-register for elective learning courses, in addition to regulatory courses, from a single sign-on access point. Now, if a physician needs to take courses for research-related purposes and regulatory courses to meet state or federal requirements, he or she doesn’t have to go to several different locations. Individuals can search for the course they need and register for it on the new Faculty and Staff Learning System site.
Small-cap investor Jim Oberweis, whose firm manages some $800 million, says HealthStream is one of the best fundamental stories in his space heading into 2012. The regulatory changes underway in health care will only add to its momentum. HealthStream shares (Ticker: HSTM) have more than doubled in 2011.
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