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.
Tivity Health Inc. (TVTY) provides innovative health solutions through programs like SilverSneakers and Nutrisystem, serving millions seeking improved wellness. This page aggregates all official company announcements and market-relevant developments in one centralized location.
Investors and industry observers will find curated press releases spanning quarterly earnings, strategic partnerships, and program expansions. Our repository includes updates on community fitness initiatives, nutritional guidance services, and healthcare collaborations that shape the company's trajectory.
Regular updates ensure stakeholders maintain awareness of TVTY's evolving role in preventive health solutions. Content is organized chronologically with clear dating for efficient tracking of operational milestones and regulatory filings.
Bookmark this page or check back regularly to monitor how Tivity Health continues addressing critical health determinants through its unique blend of digital platforms and community-based wellness programs.
Tivity Health has partnered with the National Association of Area Agencies on Aging (n4a) and the National Association of Nutrition and Aging Services Programs (NANASP) to deliver over 170,000 meals to seniors affected by COVID-19. The partnership aims to combat food insecurity by providing discounted meal options from Nutrisystem, South Beach Diet, and Wisely Well. The demand for senior meals has surged, with Meals on Wheels reporting a 47% increase in service since March 1. Tivity Health's initiative is crucial in addressing the needs of 11 million seniors served annually through these agencies.
Nutrisystem, a brand under Tivity Health, introduced the Nutrisystem Partner Plan aimed at couples sharing a weight loss journey. Studies reveal that partners can enhance weight loss success, as losing even 5% of body weight offers significant health benefits. The program includes biweekly meal shipments, free access to the NuMi app, and unlimited support from weight loss counselors. It emphasizes nutritious meals tailored to various dietary needs, like diabetic-friendly options. This initiative not only promotes weight loss but also fosters social support among participants.
Tivity Health (Nasdaq: TVTY) announced the resignation of Daniel G. Tully from its Board of Directors, effective September 1, 2020. Tully, a co-founder of Altaris Capital Partners, has been a board member since August 2019. The Chairman of the Board, Anthony Sanfilippo, expressed gratitude for Tully's contributions. Tully noted the company has undergone significant changes, including new leadership, and he remains confident in its direction. Altaris holds approximately 9.4% of Tivity Health's outstanding common stock.
Tivity Health (NASDAQ:TVTY) reported Q2 2020 earnings, showing resilience in its Healthcare and Nutrition sectors. Revenue fell to $262.6 million, a 23% decline year-over-year, primarily due to COVID-19 impacts. However, net income rose to $28.5 million, up from $18.1 million, and adjusted EBITDA increased by 6.4% to $74.8 million. Notably, Nutrisystem DTC revenue grew by 6%, attributed to a 28% rise in new customers. The company improved net debt by $53 million and is exploring strategic alternatives for its Nutrition business. Financial guidance remains withdrawn due to pandemic uncertainty.
Tivity Health, Inc. (Nasdaq: TVTY) has announced that it will release its financial results for the second quarter ending June 30, 2020, after market close on August 5, 2020. Following the release, a conference call and live webcast will occur at 5:00 p.m. ET on the same day. Investors can register for the call and access further details via Tivity Health's investor website. The company focuses on healthy solutions like SilverSneakers and Nutrisystem, addressing health determinants impacting community well-being.
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