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DXC Technology Commences Tender Offers and Issues Notices of Redemptions

TYSONS, Va.–(BUSINESS WIRE)–
DXC Technology Company (NYSE: DXC) (the “Company” or “DXC”) announced today the commencement of an offer (the “tender offers”) to purchase for cash any and all of the Company’s outstanding 4.450% senior notes due 2022 (the “DXC Notes”) and any and all of the outstanding 4.450% senior notes due 2022 issued by DXC’s wholly-owned subsidiary, Computer Sciences Corporation (“CSC”) (the “CSC Notes,” and, together with the DXC Notes, the “Notes”). As of March 16, 2021, there were $274,470,000 aggregate principal amount of DXC Notes and $170,795,000 aggregate principal amount of CSC Notes outstanding.

The tender offers are being made pursuant to an offer to purchase, dated March 16, 2021 (the “Offer to Purchase”) and a notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). The tender offers will expire at 5:00 p.m. EDT March 22, 2021, unless earlier terminated or extended by the Company (as may be extended, the “Expiration Time”). Tendered Notes may be withdrawn at any time before the Expiration Time.

Holders of Notes that are validly tendered and accepted at or prior to the Expiration Time, or who deliver a properly completed and duly executed Notice of Guaranteed Delivery and subsequently deliver such Notes, each in accordance with the instructions described in the Tender Offer Documents, will be eligible to receive the consideration (as described below), plus any accrued and unpaid interest to, but not including, the Settlement Date (as defined in the Offer to Purchase), subject to satisfaction or waiver of the general conditions described in the Offer to Purchase. The Settlement Date is expected to be March 23, 2021, the Guaranteed Delivery Time (as defined in the Offer to Purchase) is expected to be 5:00 p.m. EDT March 24, 2021, and the Guaranteed Delivery Settlement Date (as defined in the Offer to Purchase) is expected to be March 25, 2021. For the avoidance of doubt, interest will cease to accrue on the Settlement Date for all Notes accepted in the tender offers. Notes purchased pursuant to the tender offers will be cancelled.

The table below sets forth certain information regarding the Notes and the tender offers.

The consideration for each $1,000 principal amount of each series of Notes tendered and accepted for payment by the Company pursuant to the tender offers will be determined in the manner described in the Offer to Purchase by reference to a fixed spread specified in the table above for each series of Notes over the yield based on the bid-side price of the applicable U.S. treasury security specified in the table above, as calculated by the dealer manager (identified below) for the tender offers at 2:00 p.m. EDT March 22, 2021, as such time and date may be extended. The Company will use the funds required to consummate the tender offers from cash on hand.

The closing of each tender offer is conditioned upon the satisfaction or waiver of certain conditions described in the Offer to Purchase. Subject to applicable law, the Company may amend, extend or terminate one or both of the tender offers, in its sole discretion. The terms and conditions of the tender offers are described in the Tender Offer Documents. Holders of the Notes are urged to read the Tender Offer Documents carefully. MUFG Securities Americas Inc. is serving as the dealer manager for the tender offers. Questions regarding the tender offers may be directed to MUFG Securities Americas Inc., at (877) 744-4532 (U.S. toll-free) and (212) 405-7481 (collect). Copies of the Tender Offer Documents may be obtained from the information agent for the tender offers, Global Bondholder Services Corporation at (866) 470-3700 (U.S. toll-free) and (212) 430-3774 (collect), via email at [email protected], or via the following web address: https://www.gbsc-usa.com/dxc/.

In addition, substantially concurrently with the commencement of the tender offers, the Company and CSC expect to issue notices of full redemption to the holders of the DXC Notes and the CSC Notes, respectively, to redeem all of the DXC Notes and the CSC Notes, specifying April 15, 2021 as the redemption date (the “2022 Notes Redemption”). This will result in the retirement of all DXC Notes and the CSC Notes that remain outstanding after consummation of the tender offers. In addition, substantially concurrently with the commencement of the tender offers, the Company expects to issue a notice of full redemption to the holders of its 4.00% Senior Notes due 2023 (the “2023 Notes”) to redeem all of the 2023 Notes (the “2023 Notes Redemption” and, together with the 2022 Notes Redemption, the “Redemptions”), specifying March 26, 2021 as the redemption date. The 2023 Notes are not subject to the tender offers. The Company will use the funds required to consummate the Redemptions from cash on hand. Neither the tender offers nor the Redemptions are conditioned on the completion of the other. The tender offers do not constitute a notice of redemption or an obligation to issue a notice of redemption.

This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the tender offers nor a notice of redemption for the 2023 Notes, the DXC Notes or the CSC Notes. The tender offers are only being made by the Tender Offer Documents. The tender offers are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the tender offers are required to be made by a licensed broker or dealer, the tender offers will be deemed to be made on behalf of the Company by the dealer manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This press release contains information about pending transactions, and there can be no assurance that these transactions will be completed.

About DXC

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy the enterprise technology stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent DXC’s intentions, plans, expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. These statements are subject to numerous assumptions, risks, uncertainties, and other factors, many outside of DXC’s control, that could cause actual results to differ materially from the results described in such statements. For a description of these factors please see DXC’s most recently filed Annual Report on Form 10-K for the fiscal year ended March 31, 2020, Quarterly Reports on Form 10-Q for the quarterly period ended June 30, 2020, the quarterly period ended September 30, 2020 and the quarterly period ended December 31, 2020. No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005329/en/

Richard Adamonis, Corporate Media Relations, +1-862-228-3481, [email protected]

John Sweeney, Investor Relations, +1-908-315-3665, [email protected]

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INDUSTRY KEYWORDS: Data Management Security Technology Software Networks Internet

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NextGen Healthcare Announces Update to Credit Facility

ATLANTA–(BUSINESS WIRE)–NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of ambulatory-focused technology solutions, today announced that on March 12, 2021, it entered into a $300 million second amended and restated revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association and Bank of the West, as co-syndication agents, and certain other agents and lenders. This amended facility matures on March 12, 2026, and replaces NextGen Healthcare’s prior $300 million facility. This amended facility includes a $150 million “accordion” feature, which could accommodate borrowing up to $450 million in the aggregate.

“We are pleased to enter into this amended credit facility which provides us with increased financial flexibility for the next five years through additional borrowing capability at more favorable terms compared to our previous facility,” said Jamie Arnold, chief financial officer for NextGen Healthcare.

About NextGen Healthcare, Inc.

NextGen Healthcare, Inc. (Nasdaq: NXGN) is a leading provider of ambulatory-focused technology solutions. We are empowering the transformation of ambulatory care—partnering with medical, behavioral and dental providers in their journey to value-based care to make healthcare better for everyone. We go beyond EHR and PM. Our integrated solutions help increase clinical productivity, enrich the patient experience, and ensure healthy financial outcomes. We believe in better. Learn more at nextgen.com, and follow us on Facebook, Twitter, LinkedIn, YouTube and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005333/en/

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Matthew Scalo

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Amtech Reports New Orders for Its High Temperature Clustered 300mm Horizontal Diffusion Systems

TEMPE, Ariz.–(BUSINESS WIRE)–
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs), announced today that it has received orders for multiple Bruce high temperature Clustered 300mm Horizontal Diffusion Furnaces (BDF) from a leading European semiconductor manufacturer in the power semiconductor sector. The units will ship in the second half of fiscal 2021.

“Our BDF-300 is the market leader in high temperature 300mm horizontal diffusion furnaces. Customers trust the reliable performance of the Bruce platform,” said Michael Whang, Chief Executive Officer of Amtech. “Products offered by Amtech’s subsidiaries cover many aspects of power semi manufacturing. Power semiconductors are a key enabling technology for high growth future applications, including the adoption of electric vehicles and increased electronics content across multiple industries,” added Mr. Whang.

BTU International, with its Bruce Diffusion Furnace is a market leader in Clustered 300mm horizontal thermal reactor (HTR) diffusion furnaces for the power semiconductor industry with over 100 reactor tubes installed, offering proven technology for high temperature applications. These horizontal diffusion furnaces are fully automated and 300mm SEMI compliant, with multi-process production flexibility. BTU’s customer portfolio also includes several market-leading customers in the 300mm and 200mm power semiconductor market.

For more information, visit www.amtechsystems.com.

About Amtech Systems, Inc.

Amtech Systems, Inc. is a global supplier of advanced thermal processing and polishing equipment and related consumables to the semiconductor / electronics, power IC businesses, and advanced lighting manufacturing markets. Amtech’s equipment includes diffusion, solder reflow systems, and polishing equipment and related consumables for surface preparation of various materials, including silicon carbide (“SiC”), sapphire and silicon. The Company’s thermal processing, polishing and consumable products currently address the diffusion, oxidation, and deposition steps used in the fabrication of semiconductors, printed circuit boards, semiconductor packaging, MEMS, and advanced lighting, including the polishing of newly sliced sapphire and silicon wafers. Amtech’s products are recognized under the leading brand names BTU International, Bruce Technologies^TM, and PR Hoffman^TM.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this press release is forward-looking in nature. All statements in this press release, or made by management of Amtech Systems, Inc. and its subsidiaries (“Amtech”), other than statements of historical fact, are hereby identified as “forward-looking statements” (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The forward-looking statements in this press release relate only to events or information as of the date on which the statements are made in this press release. Examples of forward-looking statements include statements regarding Amtech’s future financial results, operating results, business strategies, projected costs, products under development, competitive positions, plans and objectives of Amtech and its management for future operations, efforts to improve operational efficiencies and effectiveness and greater China sourcing. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “would,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology used in this press release or by our management, which are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. The Form 10-K that Amtech filed with the Securities and Exchange Commission (the “SEC”) for the year-ended September 30, 2020, listed various important factors that could affect the company’s future operating results and financial condition and could cause actual results to differ materially from historical results and expectations based on forward-looking statements made in this document or elsewhere by Amtech or on its behalf. These factors can be found under the heading “Risk Factors” in the Form 10-K and investors should refer to them. Because it is not possible to predict or identify all such factors, any such list cannot be considered a complete set of all potential risks or uncertainties. Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005354/en/

Amtech Systems, Inc.

Lisa D. Gibbs

Chief Financial Officer

(480) 360-3756

[email protected]

Sapphire Investor Relations, LLC

Erica Mannion and Mike Funari

Investor Relations

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AI Experts Provide Comprehensive Insights in Real World AI: A Practical Guide for Responsible Machine Learning

New book offers full lifecycle, story-backed best practices for launching and scaling successful and responsible AI programs

SYDNEY & SAN FRANCISCO–(BUSINESS WIRE)–
Appen Limited (ASX:APX), the leading provider of high-quality training data for leading companies that develop machine learning, speech recognition, and computer vision algorithms, today announced a new book, Real World AI: A Practical Guide for Responsible Machine Learning, authored by Wilson Pang, Appen CTO, and Alyssa Simpson Rochwerger, director of product management at Blue Shield of California and former Appen VP of AI and data. Available now on Amazon.com, Real World AI lays out a human-centric, responsible approach to deploying AI using tried and tested knowledge from industry leaders. This practical guide to deploying AI lays out a human-first, responsible approach that has seen more than three times the success rate when compared to the industry average.

When AI works, companies are able to delight customers, but when AI fails, it can result in a devastating waste of time, money and even reputation. According to industry analysts, deploying AI initiatives to production is a treacherous process, with over 80% of initiatives never making it past pilot stage. However, organizations working on AI projects now have a new tool they can leverage to deploy AI with confidence. Real World AI highlights learnings from global enterprises and startups, and it features personal experiences from dozens of people who have worked on global AI deployments that impact billions of people every day, both from a technologist and from a business perspective.

“When it comes to AI projects, having large amounts of data and annotating it isn’t the only critical ingredient,” said Wilson Pang. “You and your team have to pick the right problem to solve, account for multiple variables around bias, and approach the problem with high-quality data. This is the first book that provides practical advice for achieving AI success through the lens of responsible AI.”

In Real World AI, Pang and Rochwerger walk through an approach to AI that can give businesses confidence to move forward. The authors provide:

• Examples of AI strategies that succeeded and failed
• Practical guidance on developing a successful AI strategy
• Advice and examples on identifying the “Goldilocks” problem to solve
• Requirements for ensuring responsible AI, with a focus on data and governance
• Insights into the AI journey – from pilot to maturity

“Building AI is hard. Every team pioneering AI has faced challenges trying to launch working scalable projects, and most pilots never made it to production or served customers particularly well,” said Alyssa Simpson Rochwerger. “In Real World AI, we share our stories to help companies optimize their AI journey by avoiding common mistakes, focusing on the right problem, and building a responsible, data-driven AI strategy that will lead to success.”

Praise for Real World AI

Tom Taulli, columnist, Forbes.com; author of Artificial Intelligence Basics

“Building an effective and responsible AI system, which drives strong ROI, is far from easy. But if companies want to thrive and remain competitive, they will need to find ways to be successful. There is really no alternative. But the good news is that this book provides a solid roadmap, which is backed up with real-world use cases and actionable advice.”

Maribel Lopez, Analyst, Speaker, Author of The Right Time Experiences, Principal of Lopez Research

“This book will help business leaders tie AI and Machine Learning to real world business problems. Alyssa and Wilson have a unique ability to break it down for all of us in a way that we can all realize the benefits of AI in our everyday lives and underscores the importance of the quality of data in all that we do. This is a hands-on guide that talks to business leaders in business terms.”

Availability

See more reviews and sign up for publishing updates at https://appen.com/real-world-ai/

About Wilson Pang, Appen CTO

Wilson is responsible for Appen’s products and technology. He has over nineteen years’ experience in software engineering and data science. Prior to joining Appen, Wilson was chief data officer of Ctrip in China, the second-largest online travel agency in the world, where he led data engineers, analysts, data product managers, and scientists to improve user experience and increase operational efficiency. Before that, he was senior director of engineering at eBay, providing leadership in various domains, including data service and solutions, search science, marketing technology, and billing systems. Prior to eBay, he worked as an architect at IBM, building technology solutions for various enterprise clients.

About Alyssa Simpson Rochwerger, Director of Product Management, Blue Shield of California

Alyssa has held numerous product leadership roles for machine learning organizations. She served as VP of Product for Figure Eight (acquired by Appen), VP of AI and data at Appen, and director of product at IBM Watson. She recently left the space to pursue her dream of using technology to improve healthcare. Currently, she serves as Director of Product at Blue Shield of California, where she is happily surrounded by lots of data, many hard problems, and nothing but opportunities to make a positive impact. She is thrilled to pursue the mission of providing access to high-quality, affordable healthcare that is worthy of our families and friends. Learn more on www.alyssasimpsonrochwerger.com

About Appen Limited

Appen collects and labels images, text, speech, audio, and video used to build and continuously improve the world’s most innovative artificial intelligence systems. With expertise in more than 235 languages, a global crowd of over 1 million skilled contractors, and the industry’s most advanced AI-assisted data annotation platform, Appen solutions provide the quality, security, and speed required by leaders in technology, automotive, financial services, retail, manufacturing, and governments worldwide. Founded in 1996, Appen has customers and offices around the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005185/en/

Titus Capilnean

Director, Corporate Marketing

[email protected]

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Jabil Posts Second Quarter Results; Raises Outlook for Fiscal Year

Strong Secular Trends Driving Business to New Heights

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–
Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2021.

“Our second quarter performance was outstanding,” said CEO Mark Mondello. “The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver $285 million in core operating income on revenue of $6.8 billion,” he added.

Second Quarter of Fiscal Year 2021 Highlights:

• Net revenue: $6.8 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 26 percent
• Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 1 percent
• U.S. GAAP operating income: $236.4 million
• U.S. GAAP diluted earnings per share: $0.99
• Core operating income (Non-GAAP): $284.6 million
• Core diluted earnings per share (Non-GAAP): $1.27

Third Quarter of Fiscal Year 2021 Outlook:

Fiscal Year 2021 Updated Outlook:

“I’m extremely confident in our plan moving forward, which is supported by both strong secular tailwinds and accelerated momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 to deliver revenue in the range of $28.5 billion and core EPS of approximately $5,” added Mondello.

(Definitions: “U.S. GAAP” means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, acquisition and integration charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges and business interruption and impairment charges, net plus other components of net periodic benefit cost. Jabil defines core earnings as U.S. GAAP net income before amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, acquisition and integration charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, loss on securities, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities plus cash receipts on sold receivables less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil’s core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.)

Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our second quarter of fiscal year 2021 and our guidance for future financial performance in our third quarter of fiscal year 2021 (including, net revenue, total company revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges, and restructuring, severance and related charges) and in fiscal year 2021 (including revenue, and core earnings per share. The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our second quarter of fiscal year 2021 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; the scope and duration of the COVID-19 outbreak and its impact on our operations, sites, customers and supply chain; managing growth effectively; our dependence on a limited number of customers; competitive challenges affecting our customers; managing rapid declines or increases in customer demand and other related customer challenges that may occur; risks arising from relationships with emerging companies; changes in technology; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks associated with international sales and operations; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; energy prices; and asset impairment); changes in financial accounting standards or policies; and risk of natural disaster, climate change or other global events. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2020 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.

Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these “core” financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil’s ongoing operations on a comparable basis.

Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation. The Company determines the tax effect of the items excluded from core earnings and core diluted earnings per share based upon evaluation of the statutory tax treatment and the applicable tax rate of the jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected. In certain jurisdictions where the Company does not expect to realize a tax benefit (due to existing tax incentives or a history of operating losses or other factors resulting in a valuation allowance related to deferred tax assets), a reduced or 0% tax rate is applied. Detailed definitions of certain of the core financial measures are included above under “Definitions” and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading “Supplemental Data” at the end of this release.

Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the second quarter of fiscal year 2021. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil’s website, located at https://investors.jabil.com. An archived replay of the webcast will also be available after completion of the call.

About Jabil: Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world’s leading brands rely on Jabil’s unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005237/en/

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Humana Introduces CenterWell as the New Brand for a Range of Its Payer-Agnostic Health Care Services Offerings

Payer-agnostic senior-focused “Partners in Primary Care” and “Family Physicians Group” coming together as “CenterWell Senior Primary Care”

Additional company-owned health care services will transition to the CenterWell brand over the next 1-2 years

LOUISVILLE, Ky.–(BUSINESS WIRE)–
Leading health and well-being company Humana Inc. (NYSE: HUM) announced today a new brand – CenterWell – to describe and connect a range of the company’s payer-agnostic health care services offerings. The first Humana-owned care services to adopt the new brand will be its senior-focused primary care facilities that have operated as “Partners in Primary Care” in several states and as “Family Physicians Group” in the Orlando area.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210316005335/en/

Staff of the CenterWell Senior Primary Care center in Spartanburg, South Carolina, wearing new, CenterWell-branded clothing and masks. (Photo: Business Wire)

In recent years, Humana has significantly expanded its health care services capabilities – from primary care to pharmacy to home care and more – in order to better serve its medical members, and to significantly strengthen its payer-agnostic care offerings. Now, the company is taking the next step with plans to unite various payer-agnostic services under the new CenterWell brand. These services help deliver on the promise of better quality and health outcomes, lower costs, and a simpler, more personalized experience for the people they touch.

“This new brand reflects the fact that our care-services businesses are growing and maturing – such as our payer-agnostic senior-focused primary care centers – and we need a brand that speaks to how we put our members and patients at the center of everything we do,” said Humana President and CEO Bruce D. Broussard. “When we place the individual at the center, focus on their individual needs and personalize the care we deliver to them, we have our best opportunity to help them be well and achieve their best health.”

The CenterWell logo features a blossom with three petals symbolizing physical, emotional and social wellness – important aspects of whole-person health that Humana’s care services solutions are designed to address.

Partners in Primary Care and Family Physicians Group first to adopt CenterWell brand

The new brand provides Humana with the flexibility to transition certain health care services offerings under the CenterWell brand, with those changes expected to roll out over the next 1-2 years. A leading senior-focused, payer-agnostic primary care medical group currently operating under two names will become the first CenterWell entity. Starting in April, Partners in Primary Care and Family Physicians Group will be known as CenterWell Senior Primary Care.

“Our patients have grown accustomed to the highest level of care, and nothing will change that. In fact, the transition to CenterWell Senior Primary Care reinforces our commitment to an integrated, value-based care model that puts our senior patients and their unique physical, social and emotional needs at the center of their own wellness journeys,” said Reneé Buckingham, Segment President of Humana’s Care Delivery Organization. “Our highly trained and dedicated physicians and clinicians bring to life our patient-centered, whole-person approach to care, which is geared to individual needs and specifically designed to address chronic conditions, wellness and social needs that influence health.”

The CenterWell senior-focused care facilities include 41 centers that have been branded as Partners in Primary Care, and 24 centers that have operated under the Family Physicians Group brand. Many of the primary care centers are located in medically underserved areas throughout Florida, Kansas, Louisiana, Missouri, Nevada, North Carolina, South Carolina and Texas. The medical group accepts patients from many different Medicare Advantage plans.

CenterWell Senior Primary Care is in a period of rapid growth, with 15 new centers opened in the last year, and up to 20 expected to open this year and into early 2022. Georgia enters as a new market later in 2021 with four to six new centers planned in the Atlanta area. A similar number of additional new centers is planned in the Houston area, with five more in Louisiana, including Lafayette and the North Shore outside of New Orleans, as well as two new centers planned in Nevada. The growth is part of Humana’s strategy to improve the health of seniors through a value-based health ecosystem that brings simplicity and connectivity to health care.

Knowing that seniors’ health needs differ from those of other segments of the population, CenterWell operates differently from many health care clinics. The value-based medical centers offer seniors a primary care physician who looks at the big picture of a patient’s health, develops personalized health care plans and helps coordinate the patient’s journey through the health care system.

Depending on location, care teams include most or all of the following: a nurse practitioner, a physician assistant, a behavioral health specialist, social workers, clinical pharmacist, care coach and support staff. More than simply treating the patient for an illness, the care team helps patients with social and emotional aspects of their health and addresses social determinants of health, such as housing and food insecurity, connecting them with community resources as needed.

Humana also operates more than 90 senior-focused primary care facilities under the Conviva brand, primarily located in South Florida and South Texas. The Conviva primary care centers are not changing to the CenterWell brand.

For more information on CenterWell senior-focused primary care centers, visit welcometocenterwell.com (for Partners in Primary Care patients), or welcomecenterwell.com (for FPG patients).

About CenterWell Senior Primary Care

CenterWell Senior Primary Care is the new brand for a primary care medical group practice with centers open or opening in Florida, Georgia, Kansas, Louisiana, Missouri, Nevada, North Carolina, South Carolina and Texas. CenterWell Senior Primary Care has a strong emphasis on senior-focused primary care for members of Medicare Advantage health plans and is committed to providing personalized, high-quality primary care combined with an excellent patient experience. CenterWell Senior Primary Care has experience in both the treatment and management of most chronic and acute-care conditions. The practices also provide health education and value-added, well-being services at the centers and around their neighborhoods to help both patients and community members improve their health.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

• Annual reports to stockholders
• Securities and Exchange Commission filings
• Most recent investor conference presentations
• Quarterly earnings news releases and conference calls
• Calendar of events
• Corporate Governance information

View source version on businesswire.com: https://www.businesswire.com/news/home/20210316005335/en/

Jim Turner

Humana Corporate Communications

(502) 608-2897

[email protected]

KEYWORDS: Kentucky United States North America

INDUSTRY KEYWORDS: Professional Services Health Consumer Practice Management Seniors Insurance General Health

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Staff of the CenterWell Senior Primary Care center in Spartanburg, South Carolina, wearing new, CenterWell-branded clothing and masks. (Photo: Business Wire)

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Erica Savage-Jeter, MD, is CenterWell’s Regional Medical Director for the Carolinas. (Photo: Business Wire)

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