WeightWatchers (WW) gains on announced acquisition of Sequence digital health platform
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WW International, Inc. Announces Fourth Quarter and Full Year 2022 Results
March 6, 2023 4:06 PM ESTFourth Quarter 2022
End of Period Subscribers of 3.5 millionRevenues of $223.9 millionOperating Loss of $50.8 million primarily due to $57.6 million in non-cash intangible impairment charges for Franchise Rights Acquired and Goodwill; Adjusted operating income of $24.2 million excluding the impact of such impairment charges and the net impact of restructuring chargesFull Year Fiscal 2022
Revenues of $1.04 billionOperating Loss of $283.0 million primarily due to $396.7 million in non-cash intangible impairment charges for Franchise Rights Acquired and Goodwill; Adjusted operating income of $153.5 million excluding the impact of such impairment charges and the... MoreWeightWatchers to Acquire Sequence, a Digital Health Platform for Clinical Weight Management
March 6, 2023 4:05 PM ESTNEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) (WeightWatchers, WW, or the Company) has entered into a definitive agreement to acquire Weekend Health, Inc., d/b/a Sequence, a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management. Sequence seamlessly integrates the patient and clinician experience for ongoing, clinical care and medication management while providing high-touch support in navigating the insurance approval process.
Obesity is a complex, chronic condition, and, for some, prescription medications can be helpful in addressing the biological components of obesity. Medical experts recommend pairing these... More
Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
March 3, 2023 6:56 PM ESTNEW YORK, March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range. The company moving to the S&P 500 is more representative of the large-cap market space. All companies moving to... More
