Press Release: Simulation Centers Worldwide to Sell Simulation Content Through SimStore

HealthStream and Laerdal Medical Sign Agreements with Prestigious Simulation Centers, Worldwide, to Deploy and Sell Simulation Content through SimStore™

Beginning in April 2011, SimStore will have over 1,000 scenarios available on an exclusive basis to sample and purchase online from SimStore at http://simstore.com/

 

Nashville, Tenn. (January 24, 2011) – Through their joint venture, SimVentures, HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, and Laerdal Medical (“Laerdal”), a global leader in the provision of educational solutions for healthcare providers and educators, today announced that they are collaborating with leading medical simulation centers and key opinion leaders to provide a wide variety of simulation content. Each of these leading developers have been given access to SimDeveloper™, a newly launched software developer’s toolkit, to prepare and upload simulation scenarios that will be available through SimStore™, a newly launched application. SimDeveloper and SimStore are both components of SimCenter™, our simulation management platform for healthcare training offered though the Internet via software-as-a-service (SaaS).

 

With scenarios and other content already created by leading educators from around the world, SimStore will serve as a hub of quality educational content for multiple healthcare disciplines. SimStore will offer for purchase over 1,000 scenarios—with thousands more to follow—from some of the world’s leading healthcare organizations and associations that together form a leading developer network. The initial network of developers, which will expand over time, includes organizations and centers such as the National League for Nursing, American Academy of Pediatrics, Belmont University and Health Care Simulation South Carolina (USA); Oxford Brookes University and SAFER Simulation Center (Europe); and Edith Cowan University (Australia); and many more. 

 

“SimStore offers a range of outstanding simulation scenarios that I can readily select at the click of a button. This enables me to spend more time on what is most important: teaching through the simulation rather than preparing for it. I can utilize scenarios created by industry leaders in simulation training rather than spending time creating my own scenarios. I believe SimCenter is a groundbreaking solution that will revolutionize the way simulation is performed in healthcare training,” said Beth Hallmark, Ph.D. RN, director of simulation, Belmont University.

 

Simulation scenarios from the network of developers will be offered in annual and multi-year license agreements and will be exclusive to SimStore. Since most simulation centers are anticipated to require a series of scenarios, content bundle pricing will also be offered.

 

“Sufficient scenario content—both in quality and quantity —that meets both curricula requirements and other professional training needs has long been overdue,” said Robert A. Frist, Jr., president and chief executive officer, HealthStream. “Laerdal and HealthStream are excited to launch the first global marketplace to connect a growing list of organizations worldwide that use Laerdal’s advanced patient simulators to quality, best-in-class simulation content through SimStore. Moreover, the software developer’s toolkit, SimDeveloper, enables an expanding community of developers to ensure a continuous supply of simulation content, creating a dynamic marketplace.”

 

For more information about SimCenter, you may contact HealthStream at +1 800-933-9293 or Laerdal Medical at +1 845-297-7770. 

 

About HealthStream

HealthStream (NASDAQ: HSTM) is a leading provider of learning and research solutions for the healthcare industry, transforming insight into action to deliver outcomes-based results for healthcare organizations. Through HealthStream’s learning solutions—which have been contracted by approximately 2.4 million hospital-based healthcare professionals—healthcare organizations create safer environments for patients, increase clinical competencies of their workforces, and facilitate the rapid transfer of the latest knowledge and technologies. Through our research products, executives from healthcare organizations gain valuable insight about patients’ experiences, workforce challenges, physician relations, and community perceptions of their services. Based in Nashville, Tennessee, HealthStream has two satellite offices. For more information about HealthStream’s learning and research solutions, visit www.healthstream.com or call us at +1 800-933-9293.

 

About Laerdal Medical

Laerdal Medical, one of the world’s leading providers of Healthcare Solutions, is dedicated to helping save lives with products and services for Simulation, Airway Management, Immobilization, Basic Life Support, Advanced Life Support, Patient Care, Self-Directed Learning, and Medical Education. Laerdal is pleased to serve all healthcare providers and educators, from the lay rescuer to the medical professionals. Laerdal operates sales and support offices in 23 countries worldwide, and with the head office located in Stavanger, Norway. For more information, visit www.laerdal.com or call +1 877-523-7325.

 

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, or in the future may be, included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s preliminary financial results, while presented with numerical specificity, are forward-looking statements which are based on a variety of assumptions regarding the Company’s operating performance that may not be realized, and which are subject to significant uncertainties and potential contingencies associated with the Company’s financial and accounting procedures and other matters referenced from time to time in the Company’s filings with the Securities and Exchange Commission. Consequently, such forward-looking information should not be regarded as a representation or warranty by the Company that such projections will be realized.

                                               

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