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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.
A comprehensive study by Avalere Health reveals that SilverSneakers participants incur 16% lower healthcare expenses than non-participants in Medicare Advantage. Annual costs for participants average $4,463 compared to $5,303 for non-participants, with medical costs down 26%. The program significantly reduces hospital stays and ER visits by 42% and 18%, respectively. Participants also perform better on key health measures. Tivity Health emphasizes the value of SilverSneakers as a vital tool for health plans, improving member care and reducing costs.
Tivity Health (Nasdaq: TVTY) is set to release its financial results for Q1 2021 on May 5, 2021, after market close. A conference call will follow at 5:00 p.m. ET, providing investors an opportunity to participate. Tivity Health is a prominent provider of health solutions, including SilverSneakers, with a focus on digital engagement to improve health outcomes and reduce costs. The company aims to support seniors through various health and wellness programs, enhancing their overall quality of life.
Tivity Health has appointed Sarah Richardson as Chief Information Officer and Stacey Santo as Chief Experience and Innovation Officer, aiming to enhance member experiences for their fitness programs like SilverSneakers. The new hires bring extensive expertise in healthcare and digital engagement. Richardson will focus on digital strategy and customer relationship management, while Santo will drive innovation and data-driven marketing strategies. These changes align with Tivity's goal to enhance its digital platform and optimize health solutions for seniors, reinforcing its position in the health and fitness market.
According to a national survey by Tivity Health (Nasdaq: TVTY), over 75% of seniors are now willing to take the COVID-19 vaccine, a significant increase from 47% in November 2020. Conducted in February 2021, the survey highlights seniors' growing confidence in vaccine safety, with 81% supporting the research processes. However, only 22% believe in easy access to vaccinations, revealing ongoing barriers. The survey also noted that 43% of seniors delayed medical care during the pandemic, with lower-income and minority populations facing greater challenges.
Tivity Health (NASDAQ:TVTY) reported Q4 and 2020 financial results, showing a revenue of $100.6 million for Q4 and $437.7 million for the year. Income from continuing operations increased by 25.8% to $56.9 million. Despite a 37% drop in Q4 revenue due to COVID-19 impacts on SilverSneakers, adjusted EBITDA rose 3.7% to $147.9 million. The company completed its Nutrition segment divestiture, enhancing cash flow and reducing debt. Guidance for 2021 anticipates revenue between $455-$485 million and adjusted earnings per diluted share of $1.47-$1.56.
Tivity Health, Inc. (Nasdaq: TVTY) will announce its fourth quarter and full year 2020 financial results on February 24, 2021, after market close. Following the release, a conference call will occur at 5:00 p.m. ET the same day. Investors can join by calling 877-683-2218 or via the web at TivityHealth.com. A replay will be available for one week after the call. Tivity Health offers services aimed at improving health outcomes and addressing social determinants of health.
Tivity Health (NASDAQ: TVTY) will participate in the virtual 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 10:50 a.m. ET. CEO Richard Ashworth will present, followed by a Q&A with CFO Adam Holland and COO Tommy Lewis. Investors can access a live audio-only webcast and replay on the company's website, www.tivityhealth.com. Tivity Health is dedicated to improving health outcomes and addressing social determinants of health through innovative solutions like SilverSneakers and WholeHealth Living.
Kainos Capital has successfully acquired Nutrisystem from Tivity Health (Nasdaq: TVTY) for $575 million. This acquisition is part of Kainos's strategy to expand its portfolio in the food and consumer sectors, particularly in health and wellness, during a time when such products are in high demand due to the pandemic. Nutrisystem, with over 45 years of experience, will operate independently, focusing on providing weight management products and services supported by clinical research.
Tivity Health (Nasdaq: TVTY) has successfully divested its Nutrition Business, including Nutrisystem® and South Beach Diet®, to Kainos Capital for $575 million in cash. This strategic move significantly de-levers Tivity Health's balance sheet, with a projected net leverage ratio of no more than 2.8x post-transaction. The company aims to enhance its healthcare business, focusing on brands like SilverSneakers® and Prime® Fitness. Tivity Health is also realigning its organizational structure and is actively seeking new executive talent to further its growth strategy.
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