Merger Arbitrage Mondays – WindAcre Doubles Its Stake In Nielsen Holdings (NLSN)

Merger activity decreased last week with three new deals announced and six deals completed.

Tivity Health (TVTY)

Originally known as American Healthways, Tivity Health was founded in 1981. The company provides fitness, health improvement and social engagement solutions through programs that include

• SilverSneakers, a health and fitness program that provides gym access and fitness classes for members of Medicare Advantage, Medicare Supplement, and group retiree plans.
• Prime Fitness, a nationwide network of of fitness locations, that offers basic multi-access to a wide range of gyms, sports facilities, specialty studios, through commercial health plans, employers, and other sponsoring organizations.
• WholeHealth Living, a program that offers a continuum of services related to complementary, alternative, and physical medicine.

The company reviewed various strategic alternatives after receiving an unsolicited proposal from Stone Point Capital. Tivity’s Board agreed that Stone Point’s bid was best suited for the company and entered into a definitive agreement to be acquired by Stone Point on April 5, 2022 in an all cash deal worth $32.50 per share. The deal is expected to close in the third quarter of 2022.

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