secwatch.observer — SEC 8-K summary
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Issuer:     USANA HEALTH SCIENCES INC (USNA)
CIK:        0000896264
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000896264-24-000235
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USANA acquires 78.8% stake in Hiya Health for $205M; Hiya had $103M sales, $22M adjusted EBITDA LTM
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- Acquired 78.8% controlling stake in Hiya Health for $205M cash; closed Dec 23, 2024.
- Hiya's LTM (Sept 30, 2024) net sales $103M, net income $19M, adjusted EBITDA $22M.
- Hiya serves 200,000+ customers via DTC subscription; net sales grew 50% in 2024 vs 2023.
- Transaction expected to be immediately accretive to USANA's 2025 adjusted EBITDA.
- Remaining 21.15% rollover equity subject to put/call based on Hiya's future EBITDA; financed from $200M cash on hand and credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896264/000089626424000235/0000896264-24-000235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896264/000089626424000235/usna-20241223.htm
  HTML page:      https://secwatch.observer/filing/0000896264-24-000235

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