Healthways, which last month hired a financial adviser to evaluate its long-term strategy, returned to the black in the fourth quarter of 2014 after a loss in the prior-year period.
The Franklin, Tenn., provider of wellness and population health management programs hired J.P. Morgan Securities in January, a move that could lead to a sale.
The company's financial struggles already have led to the resignation of its co-founder from the board of directors and opened the door for hedge fund North Tide Capital to install three new board members and replace the company's chairman.
For the fourth quarter of 2014, however, Healthways reported net income of $2.6 million on $199.1 million in revenue. That compares to a net loss of $5.3 million on $169.2 million in revenue for the prior-year period.
The company credited growing demand for population-health-management services for the improvement. It also forecast 2015 revenue to be in the range of $800 million to $825 million as well as earnings per share of $0.23 to $0.35.
It cautioned that revenue is likely to increase throughout the year as its contracts ramp up and it begins to recognize performance-based revenue in the second half of the year.
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