Key Developments For Healthways, Inc.
Healthways, Inc. (HWAY.O) (Nasdaq)
Healthways Inc. to Provide SilverSneakers Fitness Program to Physicians Health Choice Members in Four States
Healthways Inc. and Physicians Health Choice announced an agreement to provide the Healthways SilverSneakers Fitness Program, to eligible Physicians Health Choice plan members in Texas, Florida, New Mexico and Arkansas beginning in January 2010.
Healthways Inc. Issues Q4 2009 EPS Guidance In Line With Analysts' Estimates; Raises FY 2009 Guidance
Healthways Inc. announced that it has raised fiscal 2009 guidance and now expects revenues to be in the range of $708 million to $717 million from the previous range of $685 million to $700 million. The Company also revised its guidance for 2009 adjusted net income per diluted share, which excludes previously announced lawsuit settlement costs of $0.73 per diluted share, to a range of $1.01 to $1.05 compared with the previous range of $0.97 to $1.05. This new earnings guidance also reflects the expected $0.02 per diluted share net cost impact of the HealthHonors acquisition announced last week. For fourth quarter 2009 it expects net income per diluted share in a range of $0.19 to $0.23. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.23 for fourth quarter 2009; revenue of $698 million and EPS of $0.99 for fiscal 2009.
Healthways Inc. Acquires HealthHonors; Reaffirms FY 2009 EPS Guidance
Healthways Inc. announced the acquisition of HealthHonors, a behavioral economics company that specializes in behavior change science and optimized use of incentives, in a cash for stock transaction. Healthways will integrate the HealthHonors science and technology into Embrace, Healthways` information system. The purchase price includes an upfront cash payment of $14.7 million and a multi-year earn-out arrangement. Although the financial impact of the acquisition is expected to be a net cost of $0.02 per diluted share in Healthways’ fourth quarter of 2009, the Company’s previously provided fiscal 2009 earnings guidance remains unchanged. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $0.99 for fiscal 2009.
Healthways Inc. Announces Three-Year Agreement To Help Wyoming Residents Quit Tobacco Products
Healthways Inc. announced a three-year agreement effective July 1, 2009 with the Wyoming Department of Health to offer QuitNet tobacco cessation services to Wyoming residents. The QuitNet Comprehensive program combines phone and online professional counseling, access to the online support network in the world and subsidized or free tobacco cessation medication.
Healthways Inc. Reaffirms FY 2009 Guidance-Conference Call
Healthways Inc. reaffirmed fiscal 2009 guidance for revenues to be in the range of $685 to $700 million and earnings per share (EPS) to be $0.97 to $1.05. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.99 on revenue of $698 million for the same period.
