Tivity Health Inc Stock Price, News & Analysis

Tivity Health (Nasdaq: TVTY) announced an exclusive agreement with Stitch, a social engagement platform for seniors, enhancing its SilverSneakers program. Starting January 2022, eligible members will access virtual and in-person opportunities through Stitch, addressing social isolation, which has increased since the pandemic. With over 154,000 Stitch participants, this collaboration aims to improve overall health and well-being for seniors by fostering social connections. Tivity Health's ongoing surveys indicate rising social isolation levels among older adults, emphasizing the need for community-building solutions.

Tivity Health, Inc. (Nasdaq: TVTY) will participate in the Piper Sandler Annual Virtual Healthcare Conference on December 1, 2021, featuring a fireside chat with key executives including CEO Richard Ashworth, CFO Adam Holland, and COO Tommy Lewis. Interested parties can schedule 1x1 meetings by contacting Piper Sandler. The fireside chat will be accessible on the Company’s website. Tivity Health aims to expand its offerings, enhancing senior health through programs like SilverSneakers and promoting digital engagement for improved health outcomes and reduced costs.

Tivity Health (Nasdaq: TVTY) will participate in the Credit Suisse Annual Healthcare Conference on November 10, 2021. The presentation will feature key executives, including Richard Ashworth, Adam Holland, and Tommy Lewis. Investors can access the webcast through the Investors section of Tivity Health's website. Tivity Health is focused on providing healthy solutions like SilverSneakers and aims to enhance senior health via digital engagement platforms, reducing healthcare costs while improving outcomes.

Tivity Health, Inc. (Nasdaq:TVTY) reported robust Q3 2021 results, with revenue increasing by 32% to $126.3 million compared to Q3 2020. The growth was driven by an uptick in SilverSneakers visits, which rose by 8 million, contributing an additional $27.2 million in revenue. Income from continuing operations surged to $103.7 million, aided by unrealized gains from the investment in Sharecare. The company raised its full-year financial guidance, anticipating revenues of $475 - $485 million and earnings per diluted share of $2.92 - $2.98. Tivity also authorized a $100 million share repurchase program.

Tivity Health has partnered with GetSetUp to offer a virtual learning platform for seniors through its SilverSneakers program starting January 2022. This initiative provides unlimited access to over 2,000 hours of mental enrichment classes aimed at combating social isolation among older adults. Tivity Health has exclusive rights to this platform for Medicare Advantage plans, enhancing its suite of offerings for seniors. SilverSneakers currently supports 18 million members across 70 Medicare Advantage plans, expanding its service portfolio to include cognitive health alongside physical fitness.

Tivity Health (Nasdaq: TVTY) announced that SilverSneakers will enhance its offerings in 2022, providing eligible members with virtual fitness, social engagement, and mental enrichment alongside in-person classes for seniors. The network will expand to over 22,000 fitness locations, a 38% increase, and include approximately 2,000 live virtual classes weekly. Members will also access a global social community via Stitch and participate in various healthy aging programs. The 2021 Net Promoter Score for SilverSneakers was 83, reflecting high member satisfaction.

Tivity Health (NASDAQ: TVTY) will release its third-quarter financial results on November 2, 2021, after market close. A conference call will follow at 5:00 p.m. ET. Investors can participate by dialing specified numbers or via the company's website. Tivity Health aims to enhance its fitness offerings and digital services, providing solutions for seniors to improve health outcomes and lower healthcare costs. For those unable to join live, a replay will be available for one week.

Tivity Health announced a $100 million share repurchase program, reflecting the Board's confidence in the company's ability to generate future cash flow. This initiative follows recent strategic actions to enhance the balance sheet and operational efficiency. Chairman Anthony Sanfilippo stated that the company's momentum allows for returning cash to shareholders while also investing in growth and reducing debt. CEO Richard Ashworth emphasized that the repurchase will be supported by strong cash flow and refinancing efforts, with share buybacks dependent on market conditions.