In its noble endeavor to enable people attain long-lasting
health and overall wellness, Essence Healthcare announced renewal
of its existing partnership with
). The deal facilitates the continuation of the popular
SilverSneakers Fitness Program through 2016.
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Healthways' shares shot up as much as 3.4%, in the trading
session following the deal announcement.
SilverSneakers is an innovative exercise and wellness program,
targeted at older adults to accustom them to a healthy and active
lifestyle. The program is available to Essence Healthcare members
across the St. Louis region.
The program aims to reduce medical expenditure, often regarded as
a financial burden for the families of senior citizens.
The SilverSneakers Fitness Program is believed to be a holistic
program, designed to improve the quality of lifestyle in older
Wellness improvement provider Healthways is a perfect strategic
fit for Essence Healthcare as the former's fitness center network
provides easy access to more than 15,000 participating fitness
and wellness facilities across the nation.
The 2012 survey results validated 67% of Essence Healthcare
participants of having excellent or very good standards of
health. The results were encouraging as it surpassed more than
twice the national average of 32% for older adults. Further, 84%
of Essence Healthcare participants reported no impairment in
activities of daily living, which again crossed the national
average of 63% for older adults.
Accordingly, Healthways looks forward to this partnership to
deliver long-term value to the aged population.
Recently, Healthways forged an agreement with UCLA Health System
to make the latter an approved provider of the Dr. Dean Ornish
Program for Reversing Heart Disease in Southern California.
Healthways got a three-year contract to provide Australia's
largest health coaching program, Get Healthy Information and
Coaching Service in New South Wales, Tasmania, the Australian
Capital Territory, Queensland and South Australia.
All the recent collaborations demonstrate the need of such
healthcare initiatives to improve sustainable health of people,
given the need to inculcate healthy lifestyles.
Currently, Healthways carries a Zacks Rank #3 (Hold).
Investors interested in the medical services industry can look at
better-ranked stocks like
Air Methods Corp
Charles River Laboratories International, Inc.
). All the stocks carry a Zacks Rank #2 (Buy).