NU SKIN BOARD EXPANDING PROGRAM TO BUY BACK STOCK
PROVO -- Nu Skin Enterprises' board of directors has approved a $10 million expansion of the company's repurchase of its own stock.The authorization doubles the share repurchase program Nu Skin started last July. The company will use cash on hand to buy shares from time to time as appropriate through the open market or privately negotiated transactions, according to a press release.
Nu Skin currently has about 90 million shares outstanding.
"We continue to believe our stock represents good value," said Steven J. Lund, president and chief executive officer. "We consider our repurchase program an attractive investment and a good use of cash."
Nu Skin stock currently trades at just over $23 per share.
HEALTH WATCH RECEIVES HOME-CARE ACCREDITATION
PROVO -- Health Watch, which provides home health care, has achieved accreditation from the Joint Commission on Accreditation of Healthcare Organizations.
Health Watch received the accreditation award after the Joint Commission found that it had demonstrated compliance with the Joint Commission's national standards for home-care organizations.
Carl Lopez, administrator and CEO of Health Watch, says accreditation shows that "we make a significant investment in quality on a day-to-day basis from the top down."
He notes that accreditation is attainable only through the cooperation and communication among staff members.