Healthways Delays Deal

The planned purchase of LifeMasters will not close on Sept. 1 as previously planned.
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Healthways

(HWAY)

is putting its acquisition of disease-management company

LifeMasters Supported SelfCare

on hold, the health-services provider said Friday morning.

In announcing the delay, Healthways cited a data and reporting error "made by a third party that affects one of LifeMasters' contracts."

As a result, the planned merger, announced on May 30, will not close on the original target date of Sept. 1, Healthways said.

Both companies "remain focused on completing a transaction," Healthways said in a statement.

Healthways shares were recently down 22 cents, or 0.4%, to $51.81 in premarket trading.