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Donato Tramuto knew from the day he took over as CEO of then-struggling Franklin-based well-being company Healthways what he was going to have to do.
It was just about one year ago. The company's total population health management division was struggling, and the public market was not going to have patience or support for the investment necessary to turn it around. To thrive, Tramuto thought that part of the business had to be moved into a private setting, a plan that became reality at the end of…