Tivity Health

Tivity Health, formerly Healthways, is a provider of health improvement, fitness and social engagement solutions.[4] Tivity Health is headquartered in Franklin, Tennessee with offices in Fort Washington, Pennsylvania and Chandler, Arizona.[5] The company was founded in 1981 as American Healthways and rebranded to Tivity Health in 2017.[1] Tivity Health acquired Nutrisystem Inc. (including the South Beach Diet brand) in March of 2019,[6] and agreed to sell the nutrition business to Kainos Capital in October 2020.[7] As of 2020, Tivity is known as one of the leading advertisers on the conservative cable television channel Fox News.[8]

"Healthways" redirects here. For the Healthways brand after 2016, see Sharecare.
Tivity Health
NASDAQ: TVTY
IndustryHealth care
Founded1981[1]
Headquarters
Franklin, Tennessee
,
United States
Area served
United States
Key people
Chief Executive Officer [2]
ServicesFitness, nutrition and social engagement solutions
Revenue US$606,299,000 (2018)[3]
US$133,805,000 (2018)[3]
US$98,803,000 (2018)[3]
Number of employees
1,000+ (2019)
Websitewww.tivityhealth.com

History

In 2003, the company's name changed from American Healthways to Healthways in order to better compete for business outside the United States.[9]

In 2006, Healthways acquired Axia Health Management, which had both SilverSneakers and QuitNet, a company that spun-out as a for-profit entity in 2000, in its portfolio.[10]

In 2009, Healthways acquired HealthHonors, a behavior economics company that specializes in behavior change science and use of incentives.[11]

In 2010, Blue Zones and Healthways teamed up to create, support, and sustain a national movement to improve community health and well-being.[12]

In 2011, Healthways acquired Navvis & Company.[13]

In 2013, Healthways and The Lampo Group, Inc. entered into an exclusive agreement for Healthways to deliver the CORE Financial Wellness program as part of its Well-Being Improvement Solution.[14]

Also in 2013, Healthways contracted with Dean Ornish to operate and license his Lifestyle Management Programs.[15]

Hedge fund North Tide Capital had invested in Healthways from 2011, and in December 2013 purchased additional shares. They proposed four new board members. CEO and founder Thomas Cigarran resigned in February 2014.[16] Following a board shuffle that included appointing North Tide's CEO and founder to the board of directors, Healthways engaged J. P. Morgan Securities as advisor in early 2015.[17]

In 2014, Healthways operated eight "Well-Being Improvement Centers" (WBICs) across the US, and three international facilities.[18]

In 2016, Healthways divested its subsidiary MeYou Health.[19]

In 2016, Healthways sold its brand name and a large portion of its business to Sharecare.[20][21] In 2017, it rebranded to Tivity Health.[1]

In December 2018, Tivity Health announced plans to acquire Nutrisystem, Inc.[6] (including the South Beach Diet brand, which Nutrisystem had acquired in 2015). Nutrisystem's CEO Dawn Zier was named president and COO of Tivity health after the merger.[22] Zier stepped down from this position in December 2019.[23] In February 2020, Tivity Health announced the departure of Donato J. Tramuto as CEO and his resignation from the board. The company appointed current director Robert J. Greczyn, Jr. as interim CEO while it conducts a search for a new CEO.[24] The company announced in October 2020 that it had agreed to sell the Nutrisystem business to Kainos Capital.[7]

References
  1. Holly Fletcher (January 10, 2017). "Healthways rebrands as Tivity Health". The Tennessean.
  2. Kennedy, Eleanor (30 October 2015). "New Healthways CEO: Performance has been 'unacceptable,' company 'suffered from a lack of focus'". Nashville Business Journal.
  3. "Tivity Health, Inc. (TVTY)". Yahoo! Finance. Retrieved November 8, 2019.
  4. "Tivity partners with Walmart Health". The Nashville Ledger. November 8, 2019.
  5. "Tivity Health Inc". Bloomberg L.P. November 18, 2019.
  6. Allison Prang (December 10, 2018). "Tivity Health to Buy Nutrisystem for $1.4 Billion". The Wall Street Journal.
  7. "Tivity Health Announces Sale of Nutrition Business [press release]".
  8. media matters, Fox News advertisers
  9. "American Healthways changes name, ticker symbol". Nashville Business Journal. 31 January 2006. Retrieved 15 December 2008.
  10. David J. Craig. "BU spin-off creates online community of smokers kicking butts". Retrieved April 11, 2010.
  11. "Healthways Acquires HealthHonors To Advance Sustained Engagement in Healthy Behaviors". Benzinga. October 14, 2009.
  12. "Healthways, Blue Zones Enter into Exclusive Agreement to Improve Well-Being of U.S. Communities". www.businesswire.com.
  13. "Navvis Healthcare, LLC: Private Company Information". Bloomberg.
  14. "Check out the latest from Dave Ramsey!". www.daveramsey.com.
  15. "Healthways and Dr. Dean Ornish Join Forces to Bring Proven Treatment for Reversing Chronic Disease to Millions". marketwatch.com.
  16. DuBois, Shelley. "Healthways board scuffle carries high stakes". The Tennessean.
  17. Fletcher, Holly. "Healthways hires adviser, launches strategic evaluation". The Tennessean.
  18. Sharecare. "About Healthways". www.healthways.com.
  19. Ryan McBride (September 21, 2018). "MeYou Health Enters Social Gaming Realm with Daily Challenge for Improving Well-Being". Xconomy.
  20. Fletcher, Holly (July 27, 2016). "Healthways to sell division, brand to Sharecare in major corporate shake-up". Tennessean. Retrieved December 15, 2020.
  21. Racke, Will (July 27, 2016). "Healthways to sell 600-job division amid major restructuring". Nashville Business Journal. Retrieved December 15, 2020.
  22. Snyder, Eric; Hilario, Kenneth (10 December 2018). "Tennessee firm to buy Nutrisystem in $1.3B deal". www.bizjournals.com. Retrieved 2020-01-29.
  23. Stinnett, Joel (9 December 2019). "Former Nutrisystem CEO out at Franklin health care company". www.bizjournals.com. Retrieved 2020-01-29.
  24. "BRIEF-Tivity Health Announces Departure Of CEO Donato Tramuto". Reuters. 2020-02-19. Retrieved 2020-03-26.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.