Tivity Health provides fitness and health improvement programs in the United States
Going private would accelerate Tivity Health’s ongoing transformation
Reuters reports that Tivity Health (TVTY) is in discussion to go private. Going private would accelerate Tivity Health’s ongoing transformation, that included changing its name from Healthways earlier this year and divesting its total population health division, which uses coaching and clinical protocols to improve the overall health of employees and insurance plan members.
#TivityHealth, Inc. ($TVTY) provides fitness and health improvement programs in the United States. It offers #SilverSneakers senior fitness program to the members of #Medicare advantage, Medicare supplement, and group retiree plans; and Prime fitness, a fitness facility access program through commercial health plans, employers, and insurance exchanges. The company also provides access to its WholeHealth Living network primarily to commercial health plans.
Following a strategic review, Tivity Health last year decided against an outright sale, instead opting to divest its population health unit to Sharecare Inc, a U.S. health and wellness online platform co-founded by TV personality Dr. Oz.
TVTY closed at $37.80. Shares have a 52-week trading range of $20.600 – $40.00.
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