Hooper Holmes Closes Merger with Provant and Announces First Quarter 2017 Financial Results
Reports first quarter revenue growth and improved adjusted EBITDA
OLATHE, Kan. and EAST GREENWICH, R.I. - Hooper Holmes, Inc. (OTCQX:HPHW) and Provant Health Solutions LLC today announced the closing of their merger on May 11, 2017. Hooper Holmes also announced its financial results for the quarter ended March 31, 2017.
The merger creates one of the largest, pure-play health and wellness companies in the United States. For the last nine months of 2017, the company expects pro forma revenues of $54+ million, and adjusted EBITDA of $3+ million. For the 2018 full year, management anticipates further increases in revenues, adjusted EBITDA of $5+ million, and positive net income.