Healthways Signs Definitive Agreement to Acquire Navvis for $28.7M

Ben R. Leedle, Jr., president and CEO of Healthways HWAY, announced that the Company has signed a definitive agreement to acquire Navvis & Company, a St. Louis-based firm providing strategic counsel and change management services both to enable its healthcare system clients to become future-ready clinical enterprises and to align the incentives for all stakeholders. Additional specific areas of focus include clinical integration, system-physician alignment, leadership development, and partnering strategies and structures. Consideration for the acquisition is $28.7 million, comprised of $23.7 million in cash and $5 million in Healthways common stock. Healthways expects the transaction to close by the end of August, subject to customary closing conditions, and to have a negligible impact on earnings per diluted share for fiscal 2011.