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Increases Participant Access with the Addition of MinuteClinic® for Biometric Screening
Begins Offering Flu Shots for Onsite Events
OLATHE, Kan., July 06, 2016 (GLOBE NEWSWIRE) -- Hooper Holmes, Inc. (NYSE MKT:HH) today announced the addition of MinuteClinic, the walk-in medical clinics located inside select CVS Pharmacy and Target stores, to its national health screening network. Also, Hooper Holmes will be adding flu shots to its onsite screening services offering.
Beginning August 1, 2016, Hooper’s clients can include MinuteClinic’s more than 1,100 locations nationwide to further expand participant access to traditional health screening tests such as blood pressure checks, weight assessments, cholesterol screenings, and diabetes screenings. MinuteClinic expands Hooper’s robust, national network of more than 10,000 credentialed Health Professionals who are able to screen onsite for any group size, in any zip code, and a lab partner with more than 1,000 service centers across the U.S.
Additionally, Hooper has started offering flu shots as part of its onsite health screening services increasing the ease for individuals to receive a vaccination. In 2015, nearly 179 million vaccines were distributed in the U.S., up from 147 mm in 20141. The CDC recommends everyone in the U.S. older than 6 months of age receive a flu shot and encourages employers to offer flu vaccine clinics in the workplace. Roughly 44% of American adults are vaccinated each year.
“Since 2007, Hooper Holmes has been a leader in the Health & Wellness industry,” said Henry Dubois, President and CEO of Hooper Holmes. “Today’s announcements demonstrate our continued growth within this compelling market. Offering flu shots is a significant opportunity for Hooper to help improve employees' access to preventive flu shots, while adding an additional service to our comprehensive Health & Wellness offering. In addition, I am pleased to expand our participants’ access to traditional health screening tests through our agreement with MinuteClinic. This agreement makes it more convenient for some participants to complete their health screenings, while expanding our reach and further distinguishing Hooper as one of the leading providers of screening and wellness solutions in the country.”
1 “The $1.6 billion business of flu”. CNBC, 19 Oct. 2015. Retrieved from http://www.cnbc.com/2015/10/19/the-16-billion-business-of-flu.html
About Hooper Holmes
Hooper Holmes mobilizes a national network of health professionals to provide on-site health screenings, laboratory testing, risk assessment and sample collection services to wellness and disease management companies, employers and brokers, government organizations and academic institutions nationwide. Under the Accountable Health Solutions brand, the Company combines smart technology, healthcare and behavior change expertise to offer comprehensive health and wellness programs that improve health, increase efficiencies and reduce healthcare delivery costs.
This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to realize the expected benefits from this acquisition and our strategic alliance with Clinical Reference Laboratory; our ability to successfully implement our business strategy and integrate Accountable Health Solutions’ business with ours; our ability to retain and grow our customer base; our ability to recognize operational efficiencies and reduce costs; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility and the financing for this acquisition; our ability to fulfill the conditions of our plan to comply with the NYSE MKT’s minimum requirement for shareholders’ equity; and the rate of growth in the Health and Wellness market. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission on March 30, 2016. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.
For further information:Hooper Holmes, Inc.Henry E. DuboisPresident and CEO(913) 764-1045Investors: Andrew BergerS.M. Berger & Company(216) 464-6400
Source:Hooper Holmes, Inc.