M&A Deal Summary

Kainos Capital Acquires NutriSystem

On October 19, 2020, private equity firm Kainos Capital acquired healthcare services company NutriSystem from Tivity Health for 575M USD

Acquisition Highlights
  • This is Kainos Capital’s 1st transaction in the Healthcare Services sector.
  • This is Kainos Capital’s largest (disclosed) transaction.
  • This is Kainos Capital’s 17th transaction in the United States.
  • This is Kainos Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2020-10-19
Target NutriSystem
Sector Healthcare Services
Buyer(s) Kainos Capital
Sellers(s) Tivity Health
Deal Type Divestiture
Deal Value 575M USD

Target

NutriSystem

Fort Washington, Pennsylvania, United States
NutriSystem is a provider of dieters with a simple, effective, and convenient weight loss program. NutriSystem weight loss program consists of prepackaged, calorie-controlled, shelf-stable food packages containing a complete week of meals and snacks, as well as online and telephonic counseling and support for dieters. NutriSystem was formed in 1971 and is based in Fort Washington, Pennsylvania.

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Buyer(S) 1

Buyer

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


DEAL STATS #
Overall 18 of 21
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 3 of 4
State (Pennsylvania) 2 of 2
Country (United States) 17 of 20
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Whisps

New York, New York, United States

Whisps is a provider of cheese snack brand that meets consumer demand for clean label, high protein, low carbohydrate, and gluten-free snacks. Whisps is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Ferraro Foods

Piscataway, New Jersey, United States

Ferraro Foods is a foodservice distributor in the Eastern U.S., delivering food products, value, and reliable service primarily to the Italian restaurant and pizzeria segment. Ferraro Foods is based in Piscataway, New Jersey.

Sell -

Seller(S) 1

SELLER

Tivity Health

Franklin, Tennessee, United States

Category Company
Founded 1981
Sector Healthcare Services
Employees380
Revenue 438M USD (2020)
DESCRIPTION
Healthways office in Columbia, Maryland.
Healthways office in Columbia, Maryland.

Tivity Health is a provider of well-being improvement solutions. The Company uses the science of behavior change to produce and measure positive change in well-being for customers, which include employers, integrated health systems, hospitals, physicians, health plans, communities and government entities. Tivity Health was founded in 1981 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 NutriSystem

Fort Washington, Pennsylvania, United States

NutriSystem is a provider of dieters with a simple, effective, and convenient weight loss program. NutriSystem weight loss program consists of prepackaged, calorie-controlled, shelf-stable food packages containing a complete week of meals and snacks, as well as online and telephonic counseling and support for dieters. NutriSystem was formed in 1971 and is based in Fort Washington, Pennsylvania.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Burnalong

Pikesville, Maryland, United States

Burnalong provides an end-to-end wellness solution focused on helping people achieve their human potential; through a scalable digital platform, social support and motivation, proprietary data and analytics, and AI. Its platform includes access to more than 30,000 live and on-demand classes, taught by 5,000+ instructors, across 60+ categories (spanning physical, emotional, and financial wellness, including programming for chronic conditions, prenatal, children, and disabilities), reflecting the diversity, and diversity of needs, of the population. Burnalong is based in Pikesville, Maryland.

Buy -