Healthy Returns with HealthStream

Here is a mock take-private my friend Robbie and I did for Healthstream. We believe it is a venerable brand with a fundamentally sound business model and exposure to attractive industries. We expected to generate a 22.5% IRR over a 5 year holding period and lever the company to ~60% debt, tranches of 1L TL and 2L TL (currently at 0 debt).

TMT HealthStream Final Project.pdf

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