Walgreens president leaves to head company behind South Beach Diet plan .

Diet ( Nutrition )



Tivity Health board chairman, Anthony Sanfilippo, highlighted Ashworth's experience adjusting to a changing health care space, while also competing in an intense retail arena. That experience is necessary to grow Tivity's revenue and broaden its customer base, Sanfilippo said in a company statement.

The company, based in the Nashville, Tenn., area, owns and operates weight loss and food delivery programs like the South Beach Diet and Nutrisystem. It's one of Nashville's largest publicly traded health care companies, reporting $272.8 million in revenue in 2019, up 78 percent from the prior year.

During Ashworth's tenure as Walgreens president, the company struggled to contend with falling pharmacy reimbursement rates and retail competition from the likes of Amazon. Walgreens' more than 9,000 brick-and-mortar locations left it vulnerable to online sellers, while plans to offer more cosmetic products didn't reverse falling same-store sales.

Walgreens' profits were down more than 20 percent in the company's last fiscal year, fueling a Reuters report that drug wholesaler AmerisourceBergen offered to buy the company's wholesale drug business. It was the second reported leverage buyout attempt after private-equity firm, KKR, floated a similar idea late last year.

A Walgreens spokesman said Alex Gourlay, current co-chief operating officer, will take over the company's business operations and responsibilities. Walgreens had no further comment.

Ashworth is succeeding Tivity's interim CEO Bob Greczyn, who held the role since February after Donato J. Tramuto departed earlier this year.

Tivity Health share prices were up 4.9 percent to $10.16 during intraday trading.