Activist investor divests from Franklin health care company

Franklin-based Tivity Health Inc. announced Tuesday that activist investor North Tide Capital intends to sell its shares of the company by the end of the year. The move comes as North Tide — which owns 630,000 shares of Tivity (NASDAQ:TVTY), representing 16 percent of its shares — is in the process of liquidating all of the securities in its portfolio, according to a news release. North Tide was behind a series of management and board shake-ups at t he fitness and health improvement company…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news