Shares of Healthways (Ticker: HWAY) are up more than 12 percent in the last of hour of trading today after Dougherty & Co. analyst Brooks O'Neil lifted his rating on the company to 'buy' from 'neutral' and said he sees the stock climbing to $20. The move came after Healthways published its second-quarter profits and said it expects to put up better margins for the rest of this year. "We still believe the earning power of the business far exceeds its current level and we think the presence of the agitator group (now with 3 board seats) has put incremental pressure on management to deliver solid results this year," O'Neil wrote. "Our thinking has evolved over the past few months to include a realization that there is limited downside and potentially positive upside here."
Also benefiting from a post-earnings analyst call is Tractor Supply. Feltl & Co. analyst Brent Rystrom now rates the stock a 'buy' instead of a 'hold,' and Rystrom now sees the Tractor Supply shares (Ticker: TSCO) headed to $68 from their Wednesday close of $61.07.
Population health management company Healthways announced today it has extended its SilverSneakers partnership with Highmark Inc. through 2017.
The insurer has partnered with Healthways for SilverSneakers, an exercise program aimed at seniors, since 2004. The partnership, which was set to expire this year, is available to nearly 400,000 Highmark Medicare members in Pennsylvania and West Virginia.
Terms of the contract were not disclosed in a release.
"By continuing to offer SilverSneakers through 2017, Highmark is demonstrating its long-term commitment to enhancing the health and well-being of its senior members," said Ben Leedle, Healthways president and CEO. "Healthways is proud to continue to partner with Highmark in offering a program that is proven to successfully transform participants' fitness and social activities, health attitudes and health outcomes."
Population health management company Strategic Health Services has landed a contract with Ashland, Kentucky-based King's Daughters Health System to provide wellness solutions.
Through the deal, terms of which were not disclosed in a release, the Franklin-based company will offer comprehensive health and wellness services for the health system's 4,500 employees. King's Daughters includes two hospitals, a physician group, a rehabilitation center and a medical transportation arm.
"We believe, at the end of the day, that true population health will be won by the local hospitals and health care systems," said Chris Caramanico, SHS CEO. "We are excited to partner with such a forward thinking organization as King's Daughters. We look forward to working with KDMC on this exciting initiative to create healthier and more productive employees and community populations."