STOCK TITAN

TVTY - TVTY STOCK NEWS

Welcome to our dedicated page for TVTY news (Ticker: TVTY), a resource for investors and traders seeking the latest updates and insights on TVTY stock.

Tivity Health® Inc. is a prominent provider of life-changing wellness solutions, including well-known brands such as SilverSneakers®, Nutrisystem®, Prime® Fitness, Wisely Well™, South Beach Diet®, and WholeHealth Living®. Tivity Health is dedicated to addressing the social determinants of health, which encompass the conditions in which individuals work, live, and play. Their mission is to improve health outcomes and combat issues like inactivity, food insecurity, social isolation, and loneliness.

Among their recent achievements, the SilverSneakers® program stands out, recognized for its positive impact on senior fitness. One notable example is Rita Yetsko, the 87-year-old national winner of the SilverSneakers Member of the Year Award for 2023. Diagnosed with dementia in 2021, Rita's health saw a remarkable turnaround after participating in SilverSneakers classes, transforming her life and serving as an inspiration to others.

Tivity Health's innovative programs are designed to provide both in-person and virtual physical activities, alongside social and mental enrichment opportunities. Their offerings not only support individual health journeys but also aim to reduce healthcare costs and build healthier communities.

Moreover, the company supports a broad network, including health plans, employers, and hospital systems, ensuring comprehensive access to their services. With nearly 18 million Americans eligible for SilverSneakers through select Medicare Advantage and other plans, Tivity Health is making significant strides in enhancing the well-being of many.

For more information, visit their official site, and explore the various programs and initiatives they offer to support health and wellness.

Rhea-AI Summary

Tivity Health, Inc. (Nasdaq: TVTY) will participate in two virtual investor conferences. The first is the Barrington Research Virtual Fall Investment Conference on September 9, 2021, featuring CEO Richard Ashworth, CFO Adam Holland, and COO Tommy Lewis. The second is the Cantor Fitzgerald Virtual Global Healthcare Conference on September 27, 2021, at 1:20 p.m. ET, with the same executives. A webcast link for the Cantor Fitzgerald event will be available on Tivity Health's website. Tivity Health focuses on providing health solutions for seniors through its various programs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
-
Rhea-AI Summary

Tivity Health (Nasdaq:TVTY) reported Q2 2021 revenues of $120.1 million, a 47% increase from Q2 2020, driven largely by SilverSneakers which saw a $41.6 million rise in revenue due to increased gym visits. However, income from continuing operations fell to $8.8 million, down $8.4 million year-over-year, impacted by a $19 million loss on debt refinancing. Adjusted EBITDA remained steady at $41.5 million but as a margin, it dipped to 34.6%. The company ended the quarter with $24.2 million in cash and a net leverage ratio of 2.18.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Tivity Health (Nasdaq: TVTY) will release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET. Investors can participate by dialing in or joining via the company's website. Tivity Health focuses on delivering healthy lifestyle solutions, including SilverSneakers, and aims to enhance its digital offerings for seniors. The company's goal is to improve health outcomes and reduce healthcare costs through personalized solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

On July 12, 2021, Tivity Health announced the opening of nominations for the 17th annual SilverSneakers Member of the Year Awards. These awards honor members who positively impact their communities through health and fitness. Nominations are accepted until July 23, 2021, with public voting set for August 9-16 to select the winner, announced on August 30. The SilverSneakers program currently serves over 16 million eligible Americans through Medicare plans, offering various fitness and social engagement opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Tivity Health (Nasdaq: TVTY) announced the pricing of a $400 million senior secured term loan and a $100 million senior secured revolving facility, collectively referred to as credit facilities. The term facility will bear interest at LIBOR plus 4.25% and the revolving facility at LIBOR plus 3.75% to 4.25%. The oversubscribed loans will allow the company to repay existing debts and enhance its financial flexibility. Expected cash interest savings are over $3 million in the first year, and reduced principal payments could save $56 million annually.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Tivity Health (Nasdaq: TVTY) announced the launch of new senior secured credit facilities, including a revolving credit facility and a term loan B facility, aimed at improving financial flexibility and supporting growth. The funds will be utilized to repay existing credit agreements and cover general corporate purposes. This initiative is expected to lower interest expenses and extend repayment terms. The transaction's completion relies on lender commitments and market conditions, with Morgan Stanley, Credit Suisse, and Truist Bank serving as lead arrangers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Tivity Health (NASDAQ: TVTY) announced its participation in two upcoming virtual investor conferences. The UBS Global Healthcare Virtual Conference will feature a fireside chat with CEO Richard Ashworth and CFO Adam Holland on May 26, 2021, at 2:00 p.m. ET. Additionally, Tivity will present at the Jefferies Virtual Healthcare Conference on June 3, 2021, at 4:30 p.m. ET. Interested investors can access the webcast links on the company's website. Tivity Health aims to be a leader in providing health solutions, focusing on digital engagement for seniors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
-
Rhea-AI Summary

Tivity Health's SilverSneakers program has opened nominations for its 2021 Instructor of the Year Awards, celebrating instructors who inspire seniors to remain active. This year marks the 5th anniversary of the awards, which will also provide monetary prizes to winners and finalists. The past year has seen a shift to virtual classes due to the COVID-19 pandemic, and SilverSneakers has expanded its digital offerings. Currently, over 17 million Americans are eligible for SilverSneakers through various Medicare plans. Nominations are open until May 21, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Tivity Health (NASDAQ:TVTY) reported strong Q1 2021 results with revenue of $108.1 million, a significant increase in income from continuing operations to $19.9 million (up 141% year-over-year), and an Adjusted EBITDA of $41.2 million (up 36%). The company highlighted a 19% growth in in-person SilverSneakers gym visits and a 50% increase in virtual visits. Tivity updated its full-year guidance to $465 - $485 million in revenue. The recent strategic initiatives and leadership appointments aim to enhance member engagement and digital capabilities for future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the market cap of TVTY (TVTY)?

The market cap of TVTY (TVTY) is approximately 1.6B.

What is Tivity Health?

Tivity Health is a leading provider of wellness solutions, including SilverSneakers, Nutrisystem, Prime Fitness, and more.

What are SilverSneakers?

SilverSneakers is a community fitness program for older Americans, offering access to fitness locations and virtual classes.

How does Tivity Health address social determinants of health?

Tivity Health addresses social determinants by improving conditions related to inactivity, food insecurity, social isolation, and loneliness.

Who can participate in SilverSneakers?

Nearly 18 million Americans are eligible for SilverSneakers through select Medicare Advantage, group retiree, and Medicare Supplement plans.

What are some of Tivity Health's recent achievements?

A recent highlight is Rita Yetsko winning the SilverSneakers Member of the Year Award for her inspiring health transformation.

What virtual offerings does Tivity Health provide?

Tivity Health offers virtual physical activities, social enrichment, and condition-specific programming through platforms like SilverSneakers GO.

How does Tivity Health support healthcare systems?

Tivity Health supports healthcare systems by providing comprehensive wellness services to reduce costs and improve community health.

What is Nutrisystem?

Nutrisystem, part of Tivity Health's offerings, is a weight management program providing structured diet plans and nutritional support.

What kinds of programs does Tivity Health offer?

Tivity Health offers in-person and virtual programs in physical activity, social engagement, mental enrichment, and integrative health services.

How can I find more information about Tivity Health's programs?

You can visit Tivity Health's official website to learn more about their programs, eligibility, and other initiatives.

TVTY

Nasdaq:TVTY

TVTY Rankings

TVTY Stock Data

1.62B
44.05M
2.96%
95.27%
7.95%
Medical Care Facilities
Healthcare
Link
United States
Franklin