Kainos Capital to acquire Nutrisystem from Tivity Health
News on one of our clients, Nutrisystem & Tivity Health, posted in FoodBev Media
Private equity firm Kainos Capital has agreed to acquire nutrition and weight management brand Nutrisystem from Tivity Health for $575 million.
This purchase agreement will see Kainos Capital acquire Tivity Health’s full nutrition business, which includes the Nutrisystem and South Beach Diet brands.
Founded in 1972, Nutrisystem provides a range of calorie-controlled and low-calorie snacks, meals and shakes direct to consumers, as well as access to weight-loss coaches and nutritional advisors seven days a week. The brand also operates the NuMi app, which allows consumers to track performance and achieve nutritional goals.
The transaction is expected to close in the fourth quarter of this year, subject to the receipt of regulatory approval and other customary closing conditions. Read more here…