Healthways to Acquire Axia for $450 Million

October 30, 2006 Healthways to Acquire Axia for $450 MillionHealthways, Inc., announced plans to acquire Axia Health Management, LLC (Axia) for $450 million in a deal expected to close before December 31, 2006. The transaction will be financed through a combination of cash and committed bank debt. The acquisition is expected to provide Healthways with a full spectrum of integrated, personalized, proven and evidence-based interventions to maintain or improve health and productivity for Medicare populations. Axia chief executive office, Ben Lytle, will join the Healthways Board of Directors upon closing to provide ongoing counsel in the areas of strategy . . .