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North Tide Files Investor Presentation on Healthways

Outlines in Detail its Views on Why Significant Change is Warranted at Healthways, the Significant Value Destruction Under the Current Board and Management and the Qualifications of North Tide's Slate of Director Nominees

BOSTON, April 1, 2014 /PRNewswire/ -- North Tide Capital Master, LP (together with its affiliates, "North Tide"), the second largest shareholder of Healthways, Inc. ("Healthways" or the "Company") (NASDAQ: HWAY) with current ownership of approximately 11% of the outstanding shares, announced that it has filed a Preliminary Proxy Statement and Investor Presentation with the Securities and Exchange Commission (the "SEC"). 

In the Investor Presentation, North Tide has outlined in detail its views regarding why significant change is necessary at Healthways, how Healthways' current management and Board is responsible for severe value destruction at the Company and how North Tide's slate of nominees is far more qualified to govern and oversee Healthways at this juncture than the incumbent nominees who North Tide is seeking to replace.

The Investor Presentation is available at the SEC's website and at the following link: http://tinyurl.com/NorthTidePresentation

North Tide is urging shareholders to elect its four highly qualified nominees, Edwin "Mac" Crawford, Bradley S. Karro, Paul H. Keckley and Conan J. Laughlin, to serve on the Company's board of directors at the upcoming 2014 Annual Meeting.

Investor contact:

Conan Laughlin
North Tide Capital
617-449-3120

CERTAIN INFORMATION CONCERNING THE PARTICIPANTS

North Tide Capital Master, LP ("North Tide"), together with the other participants named herein, has made a preliminary filing with the Securities and Exchange Commission ("SEC") of a proxy statement and accompanying proxy card to be used to solicit votes for the election of a slate of director nominees at the 2014 annual meeting of shareholders of Healthways, Inc., a Delaware corporation (the "Company").

NORTH TIDE STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV.  IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.

The participants in the proxy solicitation are North Tide Capital Master, LP ("North Tide"), North Tide Capital, LLC ("North Tide Capital"), Conan J. Laughlin, E. Mac Crawford, Bradley S. Karro and Paul H. Keckley (collectively, the "Participants").

As of the date of this filing, North Tide beneficially owns 3,425,000 shares of common stock, par value $.001 per share (the "Common Stock") of the Company.  As of the date of this filing, North Tide Capital, as the investment manager of each of North Tide and a certain managed account (the "Account"), beneficially owns the 3,425,000 shares of Common Stock beneficially owned by North Tide and 425,000 shares of Common Stock beneficially owned by the Account.  As of the date of this filing, Mr. Laughlin, as the Manager of North Tide Capital, beneficially owns the 3,850,000 shares beneficially owned by North Tide Capital.  As of the date of this filing, neither of Messrs. Crawford and Karro nor Dr. Keckley directly owns any shares of Common Stock.

SOURCE North Tide Capital

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