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Women s Addiction Recovery Center to Open in Owenton

Women s Addiction Recovery Center to Open in Owenton
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The Best of Business Intelligence 2021

Moody s upgrades Tivity debt after Nutrisystem deal

In their upgrade, the Moody’s analysts said using the $519 million Tivity netted from the sale of Nutrisystem to pay down debt has “materially” improved the company’s financial situation despite the impact of the COVID-19 pandemic on Tivity’s health care units. Debt ratios, they added, should remain stable in the next few quarters as the company’s looks to trim costs some more. “Moody s expects the recovery in visitation will pick up in the later part of 2021 once a higher share of the public has been vaccinated and the coronavirus pandemic subsides,” the analysts wrote recently. “Gym visitation by seniors is nevertheless likely to remain below pre-pandemic levels because of apprehension about being in social settings. Moody s expects the company will focus on expanding its digital offerings to keep its members engaged while at home.”

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