Healthways Inc. (HWAY) has retained JPMorgan Chase & Co. to explore strategic alternatives, the healthcare services company said Sunday. The Deal first reported on Friday that Healthways retained the investment bank to helm a sales process. The Franklin, Tenn.-based company – which had been embroiled in a struggle with an activist investor last year – has circulated books, with first round bids due recently, one of these people said. The person noted that the sale is for the entire company or a part of it. The company has two main businesses – its disease management business provided to hospital, health systems and healthcare plans and its SilverSneakers business, which provides fitness programs for senior citizens. A sale of the company could yield between $800 million and $1 billion.
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