Tivity Health Explained

Tivity Health
Foundation:	1981^[1]
Location City:	Franklin, Tennessee
Location Country:	United States
Area Served:	United States
Key People:	Hill Ferguson (President & Chief Executive Officer) ^[2]
Industry:	Health care
Services:	Fitness, nutrition
Num Employees:	500+ (2023)

Tivity Health is an administrator of fitness and wellness services.^[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. 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

• 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.^[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

• SilverSneakers
• Prime Fitness
• WholeHealth Living^[26]
• Burnalong

Notes and References

1. Web site: Healthways rebrands as Tivity Health. Holly Fletcher. The Tennessean. January 10, 2017.
2. News: Kennedy . Eleanor . New Healthways CEO: Performance has been 'unacceptable,' company 'suffered from a lack of focus' . Nashville Business Journal . 30 October 2015 .
3. Web site: Tivity partners with Walmart Health. The Nashville Ledger. November 8, 2019.
4. Web site: Tivity Health Inc. Bloomberg L.P.. November 18, 2019.
5. Web site: Allison Prang. December 10, 2018. Tivity Health to Buy Nutrisystem for $1.4 Billion. The Wall Street Journal.
6. Web site: Tivity Health Announces Sale of Nutrition Business [press release]].
7. News: American Healthways changes name, ticker symbol . Nashville Business Journal. 31 January 2006. 15 December 2008.
8. Web site: BU spin-off creates online community of smokers kicking butts. David J. Craig. April 11, 2010.
9. Web site: 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. www.businesswire.com.
11. News: Navvis Healthcare, LLC: Private Company Information. Bloomberg .
12. Web site: Check out the latest from Dave Ramsey!. www.daveramsey.com.
13. Web site: Healthways and Dr. Dean Ornish Join Forces to Bring Proven Treatment for Reversing Chronic Disease to Millions. marketwatch.com.
14. News: DuBois . Shelley . Healthways board scuffle carries high stakes . The Tennessean.
15. News: Fletcher . Holly . Healthways hires adviser, launches strategic evaluation . The Tennessean.
16. Web site: About Healthways. Sharecare. www.healthways.com.
17. Web site: MeYou Health Enters Social Gaming Realm with Daily Challenge for Improving Well-Being. Ryan McBride. Xconomy. September 21, 2018.
18. News: Healthways to sell division, brand to Sharecare in major corporate shake-up . Fletcher . Holly . Tennessean . July 27, 2016 . December 15, 2020.
19. News: Healthways to sell 600-job division amid major restructuring . Racke . Will . Nashville Business Journal . July 27, 2016 . December 15, 2020.
20. Web site: Tennessee firm to buy Nutrisystem in $1.3B deal. Snyder. Eric. Hilario. Kenneth. 10 December 2018. www.bizjournals.com. 2020-01-29.
21. Web site: Former Nutrisystem CEO out at Franklin health care company. Stinnett. Joel. 9 December 2019. www.bizjournals.com. 2020-01-29.
22. News: BRIEF-Tivity Health Announces Departure Of CEO Donato Tramuto. 2020-02-19. Reuters. 2020-03-26. en.
23. Web site: A new way to engage. June 14, 2021. Nashville Post.
24. News: 2022-04-05 . Fitness company Tivity Health to be bought by Stone Point Capital for $2 bln . en . Reuters . 2022-04-30.
25. News: Stone Point Capital Completes Acquisition of Tivity Health. PR Newswire. 2022-12-08. en-US.
26. Web site: Tivity Health Inc. December 1, 2021. Reuters.