THORNE Acquired by L Catterton for $680 Million | THORNE & Next Era of Healthcare

It has been just over two years since I last created a piece of content focused on Thorne Healthtech, so it’s probably long overdue for an update…especially considering something big just happened! Outside of that August 2021 IPO deep analysis on Thorne Healthtech, the only other YouTube mention of the company was in this year’s annual outlandish supplement industry event prediction content. But if you read the headlines (and remember that prediction), you know that I was mostly correct. Thorne Healthtech was in fact undervalued by the public markets and I was correct that Thorne Healthtech would be acquired in 2023…but I was wrong about the buyer. On August 28, 2023, Thorne Healthtech announced that it entered into a definitive agreement under which L Catterton would acquire all outstanding shares of common stock of Thorne for $10.20 per share in cash. The transaction value of approximately $680 million represents a 94% premium to the unaffected closing share price. Now…shareholders will still need to approve, but Thorne's independent Special Committee and Board of Directors have each unanimously approved the agreement. There’s the press release details, but you guys know just sticking to that basic information isn’t my style. For this content, I want to get into the following items: why is the private equity firm acquiring Thorne…along with an update on the last two years of operational performance, and then what could the future look like together. Overall, I believe L Catterton is a great partner to fuel Thorne's long-term growth aspirations of being a major player within the next era of health…one that will certainly be data-driven and wellness-centric with a guiding focus on preventive care that extends the healthspan of each individual. FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/joshuaschallmba⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ YOUTUBE - ⁠⁠www.youtube.com/c/joshuaschall⁠⁠ TWITTER - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.twitter.com/joshua_schall⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ INSTAGRAM - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/joshua_schall⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FACEBOOK - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/jschallconsulting⁠