Hooper Holmes, Inc. (NYSEMKT: HH) Ropes In MinuteClinic To Its Screening Network


Hooper Holmes, Inc. (NYSEMKT: HH) is expanding its Health and Wellness services with the addition of MinuteClinic to its national screening network. MinuteClinic operates walk-in clinics that can be found inside certain Target Corporation (NYSE: TGT) and CVS Health Corp. (NYSE: CVS) stores.

There are more than 1,100 MinuteClinic locations across the U.S. As such, their addition to Hooper Holmes, Inc. (NYSEMKT:HH)’s screening network is expected to significantly increase people’s access to health screening.

Traditional health screening tests supported by Hooper include weight assessments, blood pressure checks, diabetes screening and cholesterol screenings. Hooper’s national network boasts over 10,000 health professionals capable of proving onsite screening services in any zip code and for any group size across the country. There are also more than 1,000 lab partners working with Hooper to provide health screening services.

Inclusion of flu shots

Hooper Holmes, Inc. (NYSEMKT: HH) also announced that it has included flu shots to its onsite health screening services. It said that the move is aimed at increasing people’s access to vaccination. According to Hooper’s CEO, Henry Dubois, access to flu vaccination has been made convenient for employees by making it part of the onsite health screening services.

It is reported that the U.S. distributed some 179 million vaccines in 2015. That compares with 147 million distributed in the prior year. About 47% of American adults get vaccinated every year. CDC encourages workplace vaccine clinics to increase access to preventive medicines and Hooper is backing those efforts with its network of health and wellness services that now include offering of flu shots.

CEO Dubois noted that Hooper has been a leader in the health and wellness space for nearly a decade and that the latest announcement about MinuteClinic joining the network shows the company’s continued growth.

Stock consolidation – Hooper Holmes, Inc. (NYSEMKT: HH)

Hooper Holmes, Inc. (NYSEMKT: HH) recently consolidated its equity structure by performing a 1-for-15 reverse stock split. The stock restructuring allowed the company to reduce the count of its outstanding shares to about 8.5 million from 128.2 million prior to the reverse split. Hooper also used the equity restructuring to raise the trading price of its shares.


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