Florida insurer AvMed has extended by two years its contract to offer the SilverSneakers senior fitness program to its members in two Miami-area counties. AvMed, which has some 31,000 members in Broward and Dade counties, began working with SilverSneakers in 2010.
A dozen Iowa cities have applied to be part of the ambitious Blue Zones Project, the Healthways-Wellmark collaboration that aims to transform wholesale the wellness and health habits of communities. Four cities were chosen to take part in the spring, and a number of small towns will be picked later this year.
“Recent Gallup-Healthways Well-Being Index findings confirm a significant opportunity in Iowa for improvement in key areas of well-being, including healthy behaviors and work environments,” said Mary Lawyer, Healthways state director of the Blue Zones Project. “We are excited by the changes we are already seeing in the initial Blue Zones Project demonstration communities, and we look forward to working with other Iowa demonstration communities to enhance their well-being in a similar manner.”
The trading plan set up by Healthways CEO Ben Leedle last week booked profits of more than $475,000 after exercising options that would have expired Monday and then selling the resulting shares. (He held on to another 44,000 or so shares.) As late as mid-June, the options were under water, but Healthways (Ticker: HWAY) has since rallied more than 50 percent.
A stock trading plan for Healthways co-founder and director Tom Cigarran last Friday exercised more than 80,000 stock options that would have expired later this month and then sold the resulting shares. Cigarran's gain on the transactions amounted to almost $300,000. Good thing shares of Healthways (Ticker: HWAY) are up more than 50 percent in the past three months. Without that run, the options would still be under water.
Healthways says it recently began working with Medicare administrators in Pennsylvania and Florida to market fitness programs to their members. Word of the deals comes a month after Healthways said its Prime Fitness program will be marketed through the large Anytime Fitness chain of gyms.
A number of analysts tracking Healthways have reacted positively to the company's Q2 profits. At Stifel Nicolaus, Thomas Carroll has hiked his price target for the Franklin-based company, which he rates a 'buy,' to $13 from $10. Michael Petusky at Noble Financial has upgraded Healthways (Ticker: HWAY) to 'buy' from 'hold' and given it a $12 target.
Not so enthused is Art Henderson at Jefferies, who has downgraded shares of AmSurg to 'hold' after the surgery center chain's Q2 numbers. Nashville-based Henderson says he has "serious concerns" about AmSurg's valuation given various macroeconomic uncertainties. His new $27 target is about 10 percent below where AmSurg (Ticker: AMSG) is changing hands this morning.
The strong second-quarter earnings from Healthways got a lot of investors enthused. Shares of the Franklin-based company (Ticker: HWAY) popped out of the gates this morning and even climbed more than 24 percent at one point to $10.61 before retreating a bit. The foray above $10 was the stock's first since late last October.
- BRASWELL, ROBERT
- GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR
- GARRETT, TIMOTHY M EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR
- GARRETT, JOHNNY C IV EXECUTOR; GARRETT, JOHNNY C EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR