Hooper Holmes Acquires Accountable Health Solutions
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Hooper Holmes (HH) Acquires Accountable Health's Health and Wellness Business
April 20, 2015 7:26 AM EDTHooper Holmes (NYSE: HH) has acquired the assets representing the health and wellness business of Accountable Health Solutions, Inc. (AHS). Accountable Health Solutions unaudited financial statements reflect approximately $15 million in net sales during calendar year 2014. The purchase price was $7.0 million comprising $4 million cash and approximately $3 million in unregistered common stock, subject to a working capital adjustment. The acquisition is expected to be accretive to Hooper Holmes earnings in 2015. The Company will host a conference call on Wednesday, April 22, 2015, at 7:30 a.m. CT / 8:30 a.m. ET to discuss the acquisition of Accountable Health Solutions. The... More
