Robbins Geller Rudman & Dowd LLP Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing. The Following Statement is Being Issued by Robbins Geller Rudman & Dowd LLP Pursuant to an Order of The United States District Court, Middle District of Tennessee, Nashville Division

SAN DIEGO, June 21 /PRNewswire/ --

TO:  ALL PERSONS WHO PURCHASED HEALTHWAYS, INC. ("HEALTHWAYS") SECURITIES BETWEEN JULY 5, 2007 AND AUGUST 25, 2008, INCLUSIVE.

YOU ARE HEREBY NOTIFIED that, pursuant to an Order of the United States District Court for the Middle District of Tennessee, Nashville Division, a hearing will be held on September 24, 2010, at 2:00 p.m., before the Honorable Todd J. Campbell, Chief United States District Judge, at the Estes Kefauver Federal Building and United States Courthouse, 801 Broadway, Nashville, Tennessee 37203, for the purpose of determining: (1) whether the proposed settlement of the above-captioned Litigation for the sum of $23,600,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice as set forth in the Stipulation of Settlement dated May 21, 2010 (the "Stipulation"); (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses and the reimbursement of Plaintiffs' expenses incurred in connection with this Litigation.

If you purchased Healthways securities during the period beginning July 5, 2007 through August 25, 2008, inclusive, your rights may be affected by this Litigation and the settlement thereof.  If you have not received a copy of the Notice of Pendency and Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to the Claims Administrator:

If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than October 25, 2010, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing in the manner and form explained in the Notice, to the Claims Administrator at the above address, postmarked no later than September 10, 2010.

Any objection to the settlement, the Plan of Allocation, or the application for attorneys' fees and expenses must be filed with the Clerk of the Court at the address below no later than September 10, 2010:

SOURCE Robbins Geller Rudman & Dowd LLP