iRhythm Approves $200 Million Share Repurchase Program

iRhythm Holdings, Inc. announced that its Board of Directors has approved a new share repurchase program authorizing the company to buy back up to $200.0 million of its outstanding common stock. The repurchases can be executed through various methods, including open market transactions and accelerated share repurchases, with the timing and amount determined at the company's discretion based on market conditions and corporate needs. The company intends to fund these repurchases using its existing cash reserves and cash generated from operations. This move reflects confidence in the company's core business and growth opportunities, particularly following the acquisition of VitalConnect.