Healthways decides against selling company after review
NASHVILLE, Tenn. (AP) — Healthways' board has decided against selling the company after reviewing its strategic options to boost shareholder value.
Healthways Inc. announced the review in January.
The company said Monday that its board unanimously decided that continuing to execute its strategic plan as a stand-alone public company is in the best interest of stockholders.
Chairman Donato Tramuto said in a statement that even though the formal review process has ended, the board will continue to evaluate all opportunities to enhance shareholder value.
Nashville, Tennessee-based Healthways advises customers including employers, health systems and health plans on behavioral changes that can be made to improve health.