Tivity Health, which includes SilverSneakers, Prime Fitness and WholeHealth Living, has completed the acquisition by funds managed by Stone Point Capital for $32.50 per share in cash.
Tivity Health’s common stock stopped trading and is no longer listed on Nasdaq.
Tivity Health will remain headquartered in Franklin, TN, with its campus in Chandler, AZ. Richard Ashworth will stay on as president and CEO.
Anthony Sanfilippo, chairman of the board of directors of Tivity Health, said, “We are pleased to complete the transaction with Stone Point Capital. We believe this is a positive outcome for our shareholders, colleagues and all who engage in Tivity Health’s programs. We have a talented team at Tivity Health, and I have confidence they will continue to do great work.”
“Today is an important milestone for Tivity Health and a testament to our colleagues and their tremendous contributions to the company’s success. As a result of this transaction,we are well-positioned to continue our momentum across our leading senior fitness and health improvement platform. The Tivity Health team looks forward to working closely with Stone Point Capital as we continue to innovate and expand on the healthy, life-changing solutions we provide to members, clients and partners,” said Ashworth.
Chuck Davis, CEO, Stone Point Capital, said, “We are excited to partner with Tivity Health in its next growth phase while supporting the company’s vision to help members live healthier, happier, more connected lives. We have followed its success for many years and believe our partnership can accelerate Tivity Health’s momentum and broaden its service offerings to its members and to its health plan and employer partners .”
Lazard acted as financial advisor to Tivity Health, Bass Berry & Sims PLC served as legal counsel, Truist Securities acted as financial advisor to Stone Point and Kirkland & Ellis served as legal advisor to Stone Point.
