Usana acquires ownership stake in Hiya Health Products for $205M

Usana (USNA) announced its acquisition of a 78.8% controlling ownership stake in Hiya Health Products. The $205M cash transaction closed on December 23 and is anticipated to be accretive to Usana’s 2025 adjusted EBITDA. For the last twelve months ended September 30, Hiya generated net sales of $103M, net income of $19M, and adjusted EBITDA of $22M. As of September 30, Hiya had more than 200,000 customers. The company made an initial cash investment of approximately $205M in exchange for a 78.8% ownership stake in Hiya. Transaction structure includes a put/call feature that provides for Usana’s acquisition of the remaining rollover equity at a pre-negotiated valuation scale, which is based on Hiya’s financial performance. The transaction was financed with $200M cash on hand with the balance covered by the company’s existing credit facility.