Tivity Health Comments on UnitedHealthcare Relationship
November 06 2017 - 6:09PM
Tivity Health, Inc. (NASDAQ:TVTY) today commented on the Company’s
relationship with UnitedHealth Group Inc. (NYSE:UNH)
(“UnitedHealthcare”) and reaffirmed the Company’s 2018 preliminary
financial guidance.
This morning, UnitedHealthcare issued press
releases indicating that, beginning in 2018, it will provide its
own new fitness benefit program in nine states for members enrolled
in eligible UnitedHealthcare Medicare Advantage Plans. This program
has been previously available in two states.
UnitedHealthcare will offer this program for
Individual Medicare Advantage members in those 11 states and
continue to offer the SilverSneakers® Fitness Program for their
Group Medicare Advantage members in all 50 states. Today,
SilverSneakers is available via UnitedHealthcare and other Medicare
Advantage and Medicare Supplement plans to 14.8 million eligible
members.
“We have an 18-year relationship with
UnitedHealthcare offering our SilverSneakers Fitness Program to
their Medicare Advantage members throughout the U.S.,” said Donato
Tramuto, Tivity Health’s Chief Executive Officer. “In April of this
year, we renewed our contract with UnitedHealthcare to provide the
SilverSneakers Fitness Program through 2020. Every year, each of
our healthcare plan clients determine in which counties and states
they will offer supplemental benefits such as SilverSneakers.
UnitedHealthcare’s plans, along with all of our other ongoing
conversations with our healthcare plan customers regarding their
fitness benefit offerings, are fully reflected within our
preliminary 2018 financial guidance set forth in our earnings call
on October 26, 2017, for the quarter ended September 30, 2017.
We highly value our relationship with UnitedHealthcare and believe
strongly in the power of the SilverSneakers brand and the inherent
value of our proprietary programming. In 2018, we expect the number
of eligible members for SilverSneakers will grow to almost 16
million.”
Forward
Looking StatementThis press
release contains forward-looking statements, including statements
regarding our expectations on the number of eligible members for
SilverSneakers in future periods and our guidance and financial
expectations for future periods. Those forward-looking statements
include all statements that are not historical statements of fact
and those regarding the intent, belief or expectations of the
Company. Those forward-looking statements are based upon current
expectations, are subject to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995 and are qualified
by these cautionary statements and those contained in the Company’s
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. There can be no assurance that the results
or developments anticipated by the Company will be realized or,
even if substantially realized, that they will have the expected
consequences to or effects on the Company or its business and
operations. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The Company does not undertake any obligation to release
publicly any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
About Tivity HealthTivity
Health, Inc. is a leading provider of fitness and health
improvement programs, with strong capabilities in developing and
managing network solutions. Through its existing three networks,
SilverSneakers® - the nation’s leading fitness program for older
adults, Prime® Fitness and WholeHealth Living™, Tivity Health is
focused on targeted population health for those 50 and over. With
more than 14.5 million Americans eligible for SilverSneakers, over
10,000 fitness centers in the Prime Fitness Network, and more than
25 years of clinical and operational expertise in managing
specialty health benefits and networks, including chiropractic
services, physical therapy, occupational therapy, speech therapy,
acupuncture, massage and complementary and alternative medicine
(CAM) services, the Company touches millions of consumers across
the country and works directly with hundreds of healthcare
practitioners and many of the nation’s largest payers and
employers. Learn more at tivityhealth.com.
Investor Relations Contact:Chip Wochomurka(615)
614-4493chip.wochomurka@tivityhealth.com
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From Apr 2024 to May 2024
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From May 2023 to May 2024