Welcome to our dedicated page for Tivity Health news (Ticker: TVTY), a resource for investors and traders seeking the latest updates and insights on Tivity Health stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tivity Health's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tivity Health's position in the market.
Tivity Health, Inc. (Nasdaq: TVTY) will participate in two virtual investor conferences. The first is the Barrington Research Virtual Fall Investment Conference on September 9, 2021, featuring CEO Richard Ashworth, CFO Adam Holland, and COO Tommy Lewis. The second is the Cantor Fitzgerald Virtual Global Healthcare Conference on September 27, 2021, at 1:20 p.m. ET, with the same executives. A webcast link for the Cantor Fitzgerald event will be available on Tivity Health's website. Tivity Health focuses on providing health solutions for seniors through its various programs.
Tivity Health (Nasdaq:TVTY) reported Q2 2021 revenues of $120.1 million, a 47% increase from Q2 2020, driven largely by SilverSneakers which saw a $41.6 million rise in revenue due to increased gym visits. However, income from continuing operations fell to $8.8 million, down $8.4 million year-over-year, impacted by a $19 million loss on debt refinancing. Adjusted EBITDA remained steady at $41.5 million but as a margin, it dipped to 34.6%. The company ended the quarter with $24.2 million in cash and a net leverage ratio of 2.18.
Tivity Health (Nasdaq: TVTY) will release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET. Investors can participate by dialing in or joining via the company's website. Tivity Health focuses on delivering healthy lifestyle solutions, including SilverSneakers, and aims to enhance its digital offerings for seniors. The company's goal is to improve health outcomes and reduce healthcare costs through personalized solutions.
On July 12, 2021, Tivity Health announced the opening of nominations for the 17th annual SilverSneakers Member of the Year Awards. These awards honor members who positively impact their communities through health and fitness. Nominations are accepted until July 23, 2021, with public voting set for August 9-16 to select the winner, announced on August 30. The SilverSneakers program currently serves over 16 million eligible Americans through Medicare plans, offering various fitness and social engagement opportunities.
Tivity Health (Nasdaq: TVTY) announced the pricing of a $400 million senior secured term loan and a $100 million senior secured revolving facility, collectively referred to as credit facilities. The term facility will bear interest at LIBOR plus 4.25% and the revolving facility at LIBOR plus 3.75% to 4.25%. The oversubscribed loans will allow the company to repay existing debts and enhance its financial flexibility. Expected cash interest savings are over $3 million in the first year, and reduced principal payments could save $56 million annually.
Summary not available.
Tivity Health (Nasdaq: TVTY) announced the launch of new senior secured credit facilities, including a revolving credit facility and a term loan B facility, aimed at improving financial flexibility and supporting growth. The funds will be utilized to repay existing credit agreements and cover general corporate purposes. This initiative is expected to lower interest expenses and extend repayment terms. The transaction's completion relies on lender commitments and market conditions, with Morgan Stanley, Credit Suisse, and Truist Bank serving as lead arrangers.
Tivity Health (NASDAQ: TVTY) announced its participation in two upcoming virtual investor conferences. The UBS Global Healthcare Virtual Conference will feature a fireside chat with CEO Richard Ashworth and CFO Adam Holland on May 26, 2021, at 2:00 p.m. ET. Additionally, Tivity will present at the Jefferies Virtual Healthcare Conference on June 3, 2021, at 4:30 p.m. ET. Interested investors can access the webcast links on the company's website. Tivity Health aims to be a leader in providing health solutions, focusing on digital engagement for seniors.
Tivity Health's SilverSneakers program has opened nominations for its 2021 Instructor of the Year Awards, celebrating instructors who inspire seniors to remain active. This year marks the 5th anniversary of the awards, which will also provide monetary prizes to winners and finalists. The past year has seen a shift to virtual classes due to the COVID-19 pandemic, and SilverSneakers has expanded its digital offerings. Currently, over 17 million Americans are eligible for SilverSneakers through various Medicare plans. Nominations are open until May 21, 2021.
Tivity Health (NASDAQ:TVTY) reported strong Q1 2021 results with revenue of $108.1 million, a significant increase in income from continuing operations to $19.9 million (up 141% year-over-year), and an Adjusted EBITDA of $41.2 million (up 36%). The company highlighted a 19% growth in in-person SilverSneakers gym visits and a 50% increase in virtual visits. Tivity updated its full-year guidance to $465 - $485 million in revenue. The recent strategic initiatives and leadership appointments aim to enhance member engagement and digital capabilities for future growth.