M&A Deal Summary

NutriSystem Acquires SouthBeachDiet

On December 18, 2015, NutriSystem acquired healthcare services company SouthBeachDiet from MidOcean Partners

Acquisition Highlights
  • This is NutriSystem’s 3rd transaction in the Healthcare Services sector.
  • This is NutriSystem’s 4th transaction in the United States.
  • This is NutriSystem’s 1st transaction in New York.

M&A Deal Summary

Date 2015-12-18
Target SouthBeachDiet
Sector Healthcare Services
Buyer(s) NutriSystem
Sellers(s) MidOcean Partners
Deal Type Add-on Acquisition

Target

SouthBeachDiet

New York, New York, United States
The South Beach Diet is a lifestyle approach to healthy eating for millions of people around the world, with more than 23 million copies of the South Beach Diet and its companion books currently in print worldwide. SouthBeachDiet is based in Newyork city.

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Buyer(S) 1

Buyer

NutriSystem

Fort Washington, Pennsylvania, United States

Category Company
Founded 1971
Sector Healthcare Services
Revenue 463M USD (2015)
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 4
Sector: Healthcare Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 SBD Holdings Group - South Beach Diet Brand

Bonita Springs, Florida, United States

SBD Holdings Group Corp. - South Beach Diet Brand is a provider of health care services in US.

Buy $15M

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 23 of 37
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 19
State: New York M&A 3 of 4
Country: United States M&A 18 of 32
Year: 2015 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Image Skincare

Lantana, Florida, United States

Image Skin Care is an industry leader in the development, marketing and distribution of evidenced-based clinical products for the professional skincare channel. Image Skincare’s extensive portfolio of innovative products includes serums, moisturizers, cleansers, eye cremes, masques, peels and foundations that are sold in more than 40 countries. Image Skincare develops products with the latest anti-aging, balancing, hydrating, and illuminating technologies to further its mission of helping the world to Age Later. Image Skincare is based in Lantana, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Allant Group

Naperville, Illinois, United States

Allant Group, Inc. is a provider of advanced data analytics and customer insights solutions.

Sell -