WW INTERNATIONAL, INC. (WW): M&A transaction — WW International completes $132M acquisition of telehealth platform Sequence

WW INTERNATIONAL, INC.

Total consideration $132M: ~$64.2M cash (incl. $25.8M of Sequence cash), ~$34.7M stock (8M shares at $4.34), plus $16M deferred on each of Apr 10, 2024 and 2025.
Sequence is a subscription telehealth platform providing access to healthcare providers specializing in chronic weight management and insurance navigation.
CEO Sima Sistani cites expansion into clinical weight management medications as a natural next step, leveraging WeightWatchers' core strengths.
Company intends to file required financial statements for Sequence and pro forma information within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

WW INTERNATIONAL, INC. completed an acquisition involving Weekend Health, Inc., doing business as Sequence for an aggregate amount equal to $132.0 million (closed 2023-04-10).

Action: acquisition
Counterparty: Weekend Health, Inc., doing business as Sequence
Consideration: an aggregate amount equal to $132.0 million
Closing: 2023-04-10

Exact text from the filing

Health continued as a wholly-owned subsidiary of the Company (the “Acquisition”). As consideration for the Acquisition, the Company agreed to pay an aggregate amount equal to $132.0 million, subject to the adjustments set forth in the Merger Agreement (the “Merger Consideration”). Subject to the terms and conditions of the Merger Agreement, the Merger Consideration

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WW INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-102041

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