Welcome to our dedicated page for Tivity Health news (Ticker: TVTY), a resource for investors and traders seeking the latest updates and insights on Tivity Health stock.
About Tivity Health Inc.
Tivity Health Inc. is a multifaceted provider of healthy life-changing solutions that combines community fitness, nutrition, and integrative health services in a comprehensive model designed to improve everyday living. The company delivers a suite of programs that include well-known brands such as SilverSneakers, Nutrisystem, Prime Fitness, Wisely Well, South Beach Diet, and WholeHealth Living. Using a blend of digital health innovation and traditional wellness methods, Tivity Health addresses key social determinants of health such as physical inactivity, food insecurity, and social isolation.
Core Business Areas and Services
Tivity Health is focused on empowering individuals to achieve healthier lifestyles through a variety of health and wellness programs. Its community fitness programs provide structured exercise routines and group activities that not only promote regular physical activity but also foster social engagement. Nutritional guidance is delivered through programs aimed at weight management and healthy eating, ensuring that participants receive balanced support for overall well-being. Furthermore, the company enhances its offerings with integrative health services, including condition-specific programming and mental enrichment, which work in tandem to create a holistic approach to health.
Business Model and Revenue Streams
The company generates revenue by partnering with health plans, employers, hospital systems, and group retiree plans, integrating its services into broader health care solutions. Its business model is built around delivering personalized and interactive experiences through both in-person and virtual engagements, providing members with tailored health resources. By offering program subscriptions and scalable services, Tivity Health not only supports individual clients but also helps organizations achieve cost reduction and healthier communities through preventive care initiatives.
Market Position and Industry Relevance
Within the digital health and wellness industry, Tivity Health occupies a unique niche by bridging the gap between fitness programs and nutritional guidance. Its flagship SilverSneakers program, in particular, serves as a cornerstone by offering a community-based approach to physical fitness for Medicare eligible members. This initiative, alongside its comprehensive suite of services, places the company at the intersection of health care, wellness innovation, and preventive health strategies. Tivity Health is recognized for not only addressing critical health issues but also for creating an environment that promotes continuous engagement and long-lasting behavior change.
Operational Excellence and Community Impact
Tivity Health’s operations are anchored in delivering results that matter to both individuals and communities. The company emphasizes an insights-driven approach to personalize each member’s journey toward better health, integrating feedback and data analytics to continuously enhance program delivery. Its emphasis on in-person and virtual participation underscores its commitment to building supportive networks that encourage physical activity, social interaction, and overall life satisfaction.
Frequently Addressed Questions and Strategic Positioning
Comprehensive Wellness Approach: By combining physical fitness with nutritional support and social enrichment, the company provides a holistic framework for improved health outcomes.
Adaptability Across Channels: The integration of digital platforms with in-person sessions allows Tivity Health to effectively reach a diverse member base, especially aging populations and those with chronic conditions.
Collaborative Partnerships: Strategic collaborations with major health plans and community organizations enhance the company’s market reach and service quality.
Overall, Tivity Health Inc. stands as a neutral, informative example of a company that manages to interweave core health programs into a broader ecosystem of care, ensuring that individuals are empowered to make informed health decisions through access to comprehensive, engaging, and interactive wellness resources.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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