ContractTivity Health, Inc. • December 15th, 2020 • Services-misc health & allied services, nec
Effective December 9, 2020, Tivity Health, Inc. (the "Company" or "TVTY") completed the sale (“Sale”) of its Nutrition segment ("Nutrition Business") to Kainos NS Holdings LP (“Parent”) and KNS Acquisition Corp., an indirect wholly owned subsidiary of Parent (“Kainos”), pursuant to terms of the previously announced Stock Purchase Agreement ("Purchase Agreement") among the Company, Parent, and Kainos. The Nutrition segment was comprised of Nutrisystem, Inc.’s legacy business and included the Nutrisystem® and the South Beach Diet® programs. The following unaudited pro forma condensed consolidated financial information is based on our historical consolidated financial statements adjusted to give the effect of the Sale. Beginning in the fourth quarter 2020, Nutrition Business results will be reflected in our consolidated financial statements as discontinued operations.
