Spok Holdings, Inc. (NASDAQ: SPOK), a global provider of healthcare communications, has announced that its board of directors has authorized the repurchase of up to USD 10 million of the company´s common stock on the open market or in privately negotiated transactions, the company said.
The new program is expected to be funded from Spok´s cash on hand and is not expected to have a material impact on the company´s earnings.
The timing and the amount of any repurchases of common stock will be determined by Spok´s board based on its evaluation of market conditions and other factors.
Spok Holdings, headquartered in Springfield, Va., is a global provider of healthcare communications. For more information, visit spok.com or follow @spoktweets on Twitter.