Once more, Nutrisystem is owned by a different entity.
For $575 million, the private equity firm Kainos Capital has agreed to buy Nutrisystem, Inc. from Tivity Health, Inc. Nutrisystem was purchased by Tivity Health in December 2018 for a sum of $1.3 billion.
Under its own name, Nutrisystem oversees weight-loss brands like the South Beach Diet and offers customized portion-controlled meals that are delivered right to customers’ doors. The menu items offered by the company are shakes, snacks, and entrees.
Managing partner of Kainos Andrew Rosen stated, “We are excited to reestablish Nutrisystem as an independent company that is well-positioned to help the significant portion of the US population that wants to be healthier, but struggles with weight management.” “Nutrisystem can significantly enhance quality of life for the 40% of adults who are overweight and are progressively more vulnerable to a number of serious conditions. Customers find Nutrisystem to be a valuable partner, especially during the COVID-19 pandemic when it is more difficult for many people to obtain reasonably priced, nutritious meals.
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Prior investments were made by Kainos Capital in SlimFast, which it purchased from Unilever PLC in 2014 and later sold to Glanbia PLC. According to the company, SlimFast grew at the quickest rate in the retail weight management category for three years running while under Kainos’ ownership.
Kainos partner Bob Sperry stated, “We look forward to working with the Nutrisystem management team to achieve the full potential of this incredible brand, similar to what we accomplished with SlimFast.” “Nutrisystem provides its clients with a comprehensive, reasonably priced weight reduction program that is tried and true, delicious, and highly convenient—all without any upfront or ongoing membership costs. Consumers do not have to weigh their food or count calories, nor do they have to travel from their homes to a weight loss facility for scheduled appointments. Customers receive everything they require at their doorstep to help them reach and maintain their weight management objectives. The most practical and successful weight loss program is offered by Nutrisystem, assisting users in leading happier, healthier lives.