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Tivity Health

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Healthways redirects here. Healthways (scuba gear firm) is now part of Johnson Outdoors.
"Healthways" redirects here. For the Healthways brand after 2016, see Sharecare.
Tivity Health
IndustryHealth care
Founded1981[1]
Headquarters
Franklin, Tennessee
,
United States
Area served
United States
Key people
Hill Ferguson (President & Chief Executive Officer) [2]
ServicesFitness, nutrition
Number of employees
500+ (2023)

Tivity Health is an administrator of fitness and wellness services.[clarification needed][3] Tivity Health is headquartered in Franklin, Tennessee and has campuses in Franklin, Tennessee and Chandler, Arizona.[4] The company was founded in 1981 as American Healthways and rebranded to Tivity Health in 2017.[1] Tivity Health acquired Nutrisystem Inc., which included the South Beach Diet brand, in March 2019, and sold the nutrition business to Kainos Capital in October 2020.[5][6]

History

[edit]
  • 1981: The company was founded as American Healthways.
  • 2003: The company's name changed from American Healthways to Healthways.[7]
  • 2006: Healthways acquired Axia Health Management, which had both SilverSneakers and QuitNet, a company that spun-out of Boston University as a for-profit entity in 2000, in its portfolio.[8]
  • 2009: Healthways acquired HealthHonors, a behavior economics company that specializes in behavior change science and use of incentives.[9]
  • 2010: Blue Zones and Healthways teamed up to create, support, and sustain a national movement to improve community health and well-being.[10]
  • 2011: Healthways acquired Navvis & Company.[11]
  • 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.[buzzword][12]
  • 2013: Healthways contracted with Dean Ornish to operate and license his Lifestyle Management Programs.[13]
  • 2011: Hedge fund North Tide Capital started to invest in Healthways.
  • 2013 December: North Tide Capital bought additional shares in Healthways. They proposed four new board members.
  • 2014 February: CEO and founder Thomas Cigarran resigned.[14]
  • 2014 early: 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.[15]
  • 2014: Healthways operated eight "Well-Being Improvement Centers" (WBICs) across the US, and three international facilities.[16]
  • 2016: Healthways divested its subsidiary MeYou Health.[17]
  • 2016: Healthways sold its brand name and a large portion of its business to Sharecare.[18][19]
  • 2017: Healthways rebranded to Tivity Health.[1]
  • 2019 December: Tivity Health announced plans to acquire Nutrisystem, Inc.[5] (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.[20] Zier stepped down from this position.[21]
  • 2020 February: 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.[22]
  • 2020 May: Tivity Health appointed Richard Ashworth as President and CEO, effective June 1, 2020.[23]
  • 2020 October: Tivity Health announced that it had agreed to sell the Nutrisystem business to Kainos Capital.[6]
  • 2022 April: Tivity Health announced it had been acquired by the private equity company, Stone Point Capital, for $2 billion USD in cash.[24] This was finished in June, 2022.[25]
  • 2023 January: Tivity Health acquires digital health and wellness platform Burnalong
  • 2023 July: Tivity Health Appoints Hill Ferguson as President and CEO

Services

[edit]

References

[edit]
  1. ^ a b c 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 partners with Walmart Health". The Nashville Ledger. November 8, 2019.
  4. ^ "Tivity Health Inc". Bloomberg L.P. November 18, 2019.
  5. ^ a b Allison Prang (December 10, 2018). "Tivity Health to Buy Nutrisystem for $1.4 Billion". The Wall Street Journal.
  6. ^ a b "Tivity Health Announces Sale of Nutrition Business [press release]".
  7. ^ "American Healthways changes name, ticker symbol". Nashville Business Journal. 31 January 2006. Retrieved 15 December 2008.
  8. ^ David J. Craig. "BU spin-off creates online community of smokers kicking butts". Retrieved April 11, 2010.
  9. ^ "Healthways Acquires HealthHonors To Advance Sustained Engagement in Healthy Behaviors". Benzinga. October 14, 2009.
  10. ^ "Healthways, Blue Zones Enter into Exclusive Agreement to Improve Well-Being of U.S. Communities" (Press release). www.businesswire.com.
  11. ^ "Navvis Healthcare, LLC: Private Company Information". Bloomberg.
  12. ^ "Check out the latest from Dave Ramsey!". www.daveramsey.com.
  13. ^ "Healthways and Dr. Dean Ornish Join Forces to Bring Proven Treatment for Reversing Chronic Disease to Millions". marketwatch.com.
  14. ^ DuBois, Shelley. "Healthways board scuffle carries high stakes". The Tennessean.
  15. ^ Fletcher, Holly. "Healthways hires adviser, launches strategic evaluation". The Tennessean.
  16. ^ Sharecare. "About Healthways". www.healthways.com.
  17. ^ Ryan McBride (September 21, 2018). "MeYou Health Enters Social Gaming Realm with Daily Challenge for Improving Well-Being". Xconomy.
  18. ^ Fletcher, Holly (July 27, 2016). "Healthways to sell division, brand to Sharecare in major corporate shake-up". Tennessean. Retrieved December 15, 2020.
  19. ^ Racke, Will (July 27, 2016). "Healthways to sell 600-job division amid major restructuring". Nashville Business Journal. Retrieved December 15, 2020.
  20. ^ Snyder, Eric; Hilario, Kenneth (10 December 2018). "Tennessee firm to buy Nutrisystem in $1.3B deal". www.bizjournals.com. Retrieved 2020-01-29.
  21. ^ Stinnett, Joel (9 December 2019). "Former Nutrisystem CEO out at Franklin health care company". www.bizjournals.com. Retrieved 2020-01-29.
  22. ^ "BRIEF-Tivity Health Announces Departure Of CEO Donato Tramuto". Reuters. 2020-02-19. Retrieved 2020-03-26.
  23. ^ "A new way to engage". Nashville Post. June 14, 2021.
  24. ^ "Fitness company Tivity Health to be bought by Stone Point Capital for $2 bln". Reuters. 2022-04-05. Retrieved 2022-04-30.
  25. ^ "Stone Point Capital Completes Acquisition of Tivity Health". PR Newswire. Retrieved 2022-12-08.
  26. ^ "Tivity Health Inc". Reuters. December 1, 2021.
[edit]
    • Historical business data for Tivity Health:
    • SEC filings
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