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Tivity Health's (TVTY) purchase of Nutrisystem won't make the list of all-time worst acquisitions, joining the likes of AOL-Time Warner, HP's (HPQ) buy of Autonomy, or Quaker Oats-Snapple. But the deal, at the moment, looks as bad as any in recent memory — if not worse.
After all, this was a strategic acquisition in a way that many of those weren't. It was a transformative deal that aimed to turn Tivity from a niche provider into a broader leader in wellness. The union of the two companies' offerings, backed by Tivity's