Nutrisystem: Difference between revisions
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The company originally offered weight loss counseling and products in [[brick and mortar]] centers, but in 1999, Nutrisystem moved to a [[direct-to-consumer]] business model, selling its products and programs on the Internet and by telephone.<ref>{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1096376/000119312506053852/d10k.htm|title=United States Securities and Exchange Commission Annual Report Form 10-K}}</ref> |
The company originally offered weight loss counseling and products in [[brick and mortar]] centers, but in 1999, Nutrisystem moved to a [[direct-to-consumer]] business model, selling its products and programs on the Internet and by telephone.<ref>{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1096376/000119312506053852/d10k.htm|title=United States Securities and Exchange Commission Annual Report Form 10-K}}</ref> |
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The company launched its mobile platform in 2010. WebDiet, Inc., a Silicon Valley startup, accused Nutrisystem of stealing their technology, but the case was dismissed in May, 2014.<ref>{{cite news | last =Brandy | first =Shaul | title =Nutrisystem Launches Weight Loss Platform on IOS | newspaper =AdWeek SocialTimes | date =24 April 2015 | url =http://www.adweek.com/socialtimes/nutrisystem-launches-numi-weight-loss-platform-on-ios/548207 | access-date =18 May 2015 }}</ref><ref>{{cite news|last=Fair |first=Matt |title=Nutrisystem Accused of Stealing Rival's Diet Mobile App Technology |newspaper=Law360 |date=1 July 2014 |url=http://www.law360.com/articles/553644/nutrisystem-accused-of-stealing-rival-s-diet-mobile-app |access-date=18 May 2015 |url-status= |
The company launched its mobile platform in 2010. WebDiet, Inc., a Silicon Valley startup, accused Nutrisystem of stealing their technology, but the case was dismissed in May, 2014.<ref>{{cite news | last =Brandy | first =Shaul | title =Nutrisystem Launches Weight Loss Platform on IOS | newspaper =AdWeek SocialTimes | date =24 April 2015 | url =http://www.adweek.com/socialtimes/nutrisystem-launches-numi-weight-loss-platform-on-ios/548207 | access-date =18 May 2015 }}</ref><ref>{{cite news|last=Fair |first=Matt |title=Nutrisystem Accused of Stealing Rival's Diet Mobile App Technology |newspaper=Law360 |date=1 July 2014 |url=http://www.law360.com/articles/553644/nutrisystem-accused-of-stealing-rival-s-diet-mobile-app |url-access=subscription |access-date=18 May 2015 |url-status=live |archive-url=https://web.archive.org/web/20150522013910/http://www.law360.com/articles/553644/nutrisystem-accused-of-stealing-rival-s-diet-mobile-app |archive-date=22 May 2015 }}</ref><ref>{{cite web |
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| title = Webdiet Inc v. Nutrisystem Inc |
| title = Webdiet Inc v. Nutrisystem Inc |
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| url = https://www.plainsite.org/dockets/2vg5qz3tw/superior-court-of-california-county-of-los-angeles/webdiet-inc-v-nutrisystem-inc/ |
| url = https://www.plainsite.org/dockets/2vg5qz3tw/superior-court-of-california-county-of-los-angeles/webdiet-inc-v-nutrisystem-inc/ |
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In 2015, the firm acquired the [[South Beach Diet]] brand.<ref>{{Cite web |last=Hilario |first=Kenneth |date=18 December 2015 |title=Nutrisystem acquires diet brand for $15M |url=https://www.bizjournals.com/philadelphia/morning_roundup/2015/12/nutrisystem-acquires-south-beach-diet-brand-15m.html |access-date=2019-11-27 |website= |
In 2015, the firm acquired the [[South Beach Diet]] brand.<ref>{{Cite web |last=Hilario |first=Kenneth |date=18 December 2015 |title=Nutrisystem acquires diet brand for $15M |url=https://www.bizjournals.com/philadelphia/morning_roundup/2015/12/nutrisystem-acquires-south-beach-diet-brand-15m.html |access-date=2019-11-27 |website=Business Journals}}</ref> |
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In December 2018, [[Tivity Health]] announced that it would acquire the Nutrisystem brand.<ref>{{Cite news |last=Hammond |first=Ed |date=10 December 2018 |title=Tivity Health Plunges With $1.3 Billion Nutrisystem Deal | |
In December 2018, [[Tivity Health]] announced that it would acquire the Nutrisystem brand.<ref>{{Cite news |last=Hammond |first=Ed |date=10 December 2018 |title=Tivity Health Plunges With $1.3 Billion Nutrisystem Deal |publisher=Bloomberg News |url=https://www.bloomberg.com/news/articles/2018-12-10/tivity-health-agrees-to-buy-nutrisystem-in-1-3-billion-deal |access-date=2019-11-27}}</ref> |
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⚫ | On October 19, 2020, Kainos Capital acquired the brand from Tivity Health.<ref>{{Cite web|date=October 19, 2020|title=Tivity Health Announces Sale of Nutrition Business|url=https://investors.tivityhealth.com/news-and-events/press-release-details/2020/Tivity-Health-Announces-Sale-of-Nutrition-Business/default.aspx}}</ref> |
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In 2021, Stephen Mikulak was named President of Nutrisystem.<ref>{{Cite web|url=https://www.privateequitywire.co.uk/2021/02/22/296204/pe-backed-nutrisystem-names-new-president|title=PE-backed Nutrisystem names new President|date=22 February 2021 |website=www.privateequitywire.co.uk/|access-date=2021-08-16}}</ref> |
In 2021, Stephen Mikulak was named President of Nutrisystem.<ref>{{Cite web|url=https://www.privateequitywire.co.uk/2021/02/22/296204/pe-backed-nutrisystem-names-new-president|title=PE-backed Nutrisystem names new President|date=22 February 2021 |website=www.privateequitywire.co.uk/|access-date=2021-08-16}}</ref> |
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⚫ | On October 19, 2020, Kainos Capital acquired the brand from Tivity Health.<ref>{{Cite web|date=October 19, 2020|title=Tivity Health Announces Sale of Nutrition Business|url=https://investors.tivityhealth.com/news-and-events/press-release-details/2020/Tivity-Health-Announces-Sale-of-Nutrition-Business/default.aspx}}</ref> |
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The company is known for its celebrity marketing, which has included [[Marie Osmond]] in national advertising.<ref>{{cite web | url=https://www.shefinds.com/collections/marie-osmond-50-lb-weight-loss-nutrisystem/ | title=Marie Osmond Shows off 50-lb Weight Loss and Tells Fans: 'Food is Not My Enemy Anymore' | date=26 January 2023 }}</ref> One of its primary competitors is Weight Watchers with the rivalry deemed "diet wars" by the media. <ref>{{cite web | url=https://money.cnn.com/2018/02/28/investing/weight-watchers-earnings-oprah-nutrisystem/index.html | title=Weight Watchers (And Oprah) are winning the diet war | date=28 February 2018 }}</ref> |
The company is known for its celebrity marketing, which has included [[Marie Osmond]] in national advertising.<ref>{{cite web | url=https://www.shefinds.com/collections/marie-osmond-50-lb-weight-loss-nutrisystem/ | title=Marie Osmond Shows off 50-lb Weight Loss and Tells Fans: 'Food is Not My Enemy Anymore' | date=26 January 2023 }}</ref> One of its primary competitors is Weight Watchers with the rivalry deemed "diet wars" by the media. <ref>{{cite web | url=https://money.cnn.com/2018/02/28/investing/weight-watchers-earnings-oprah-nutrisystem/index.html | title=Weight Watchers (And Oprah) are winning the diet war | date=28 February 2018 }}</ref> |
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==Efficacy and criticism== |
==Efficacy and criticism== |
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A [[systematic review]] in 2015 concluded that Nutrisystem "shows promise" because, in the short term, studies have shown that Nutrisystem was more effective at weight-loss than a control group, but found no studies of long-term efficacy.<ref name="Gud2015">{{cite journal |vauthors=Gudzune KA, Doshi RS, Mehta AK, Chaudhry ZW, Jacobs DK, Vakil RM, Lee CJ, Bleich SN, Clark JM |title=Efficacy of commercial weight-loss programs: an updated systematic review |journal=Ann Intern Med |volume=162 |issue=7 |pages=501–12 |date=April 2015 |pmid=25844997 |pmc=4446719 |doi=10.7326/M14-2238 |quote=Nutrisystem demonstrates better short-term weight loss than control/education and behavioral counseling; however, we identified no long-term trial results. We conclude that Nutrisystem shows promise, but the lack of long-term RCTs prohibits definitive conclusions.}}</ref> |
A [[systematic review]] in 2015 concluded that Nutrisystem "shows promise" because, in the short term, studies have shown that Nutrisystem was more effective at weight-loss than a control group, but found no studies of long-term efficacy.<ref name="Gud2015">{{cite journal |vauthors=Gudzune KA, Doshi RS, Mehta AK, Chaudhry ZW, Jacobs DK, Vakil RM, Lee CJ, Bleich SN, Clark JM |title=Efficacy of commercial weight-loss programs: an updated systematic review |journal=Ann Intern Med |volume=162 |issue=7 |pages=501–12 |date=April 2015 |pmid=25844997 |pmc=4446719 |doi=10.7326/M14-2238 |quote=Nutrisystem demonstrates better short-term weight loss than control/education and behavioral counseling; however, we identified no long-term trial results. We conclude that Nutrisystem shows promise, but the lack of long-term RCTs prohibits definitive conclusions.}}</ref> |
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[[Category:1972 establishments in Pennsylvania]] |
[[Category:1972 establishments in Pennsylvania]] |
Revision as of 08:10, 7 November 2023
Company type | Subsidiary |
---|---|
Nasdaq: NTRI | |
Founded | 1972 |
Founder | Harold Katz |
Headquarters | , US |
Area served | US and Canada |
Key people | Stephen Mikulak, President |
Products | weight loss, weight management, nutrition |
Services | telephone, Internet and mobile counseling for weight control |
Parent | Kainos Capital |
Website | nutrisystem |
Nutrisystem is a commercial provider of weight loss products and services headquartered in Fort Washington, Pennsylvania.
Company history
Nutrisystem's initial product in 1972 was a liquid protein diet, but the company changed its offering after Slim-Fast came to prominence in that market.[1]
The company originally offered weight loss counseling and products in brick and mortar centers, but in 1999, Nutrisystem moved to a direct-to-consumer business model, selling its products and programs on the Internet and by telephone.[2]
The company launched its mobile platform in 2010. WebDiet, Inc., a Silicon Valley startup, accused Nutrisystem of stealing their technology, but the case was dismissed in May, 2014.[3][4][5]
In 2015, the firm acquired the South Beach Diet brand.[6]
In December 2018, Tivity Health announced that it would acquire the Nutrisystem brand.[7]
On October 19, 2020, Kainos Capital acquired the brand from Tivity Health.[8]
In 2021, Stephen Mikulak was named President of Nutrisystem.[9]
The company is known for its celebrity marketing, which has included Marie Osmond in national advertising.[10] One of its primary competitors is Weight Watchers with the rivalry deemed "diet wars" by the media. [11]
Efficacy and criticism
A systematic review in 2015 concluded that Nutrisystem "shows promise" because, in the short term, studies have shown that Nutrisystem was more effective at weight-loss than a control group, but found no studies of long-term efficacy.[12]
As of 2019[update], four weeks of a basic Nutrisystem plan costs the average American customer $274.99.[13] In light of this expense, the Mayo Clinic lists one of the disadvantages of the diet to be its potentially "prohibitive" cost.[14] Obesity specialist Fatima Cody Stanford writes that a potential disadvantage of the diet is that it complicates social eating because a person following the Nutrisystem plan has to follow a distinct dietary program.[13]
References
- ^ Longe JL, ed. (2008). "Nutrisystem". Gale Encyclopedia of Diets. Vol. 2. Gale Group. pp. 722–726.
- ^ "United States Securities and Exchange Commission Annual Report Form 10-K".
- ^ Brandy, Shaul (24 April 2015). "Nutrisystem Launches Weight Loss Platform on IOS". AdWeek SocialTimes. Retrieved 18 May 2015.
- ^ Fair, Matt (1 July 2014). "Nutrisystem Accused of Stealing Rival's Diet Mobile App Technology". Law360. Archived from the original on 22 May 2015. Retrieved 18 May 2015.
- ^ "Webdiet Inc v. Nutrisystem Inc". Retrieved 20 November 2020.
- ^ Hilario, Kenneth (18 December 2015). "Nutrisystem acquires diet brand for $15M". Business Journals. Retrieved 2019-11-27.
- ^ Hammond, Ed (10 December 2018). "Tivity Health Plunges With $1.3 Billion Nutrisystem Deal". Bloomberg News. Retrieved 2019-11-27.
- ^ "Tivity Health Announces Sale of Nutrition Business". October 19, 2020.
- ^ "PE-backed Nutrisystem names new President". www.privateequitywire.co.uk/. 22 February 2021. Retrieved 2021-08-16.
- ^ "Marie Osmond Shows off 50-lb Weight Loss and Tells Fans: 'Food is Not My Enemy Anymore'". 26 January 2023.
- ^ "Weight Watchers (And Oprah) are winning the diet war". 28 February 2018.
- ^ Gudzune KA, Doshi RS, Mehta AK, Chaudhry ZW, Jacobs DK, Vakil RM, Lee CJ, Bleich SN, Clark JM (April 2015). "Efficacy of commercial weight-loss programs: an updated systematic review". Ann Intern Med. 162 (7): 501–12. doi:10.7326/M14-2238. PMC 4446719. PMID 25844997.
Nutrisystem demonstrates better short-term weight loss than control/education and behavioral counseling; however, we identified no long-term trial results. We conclude that Nutrisystem shows promise, but the lack of long-term RCTs prohibits definitive conclusions.
- ^ a b Stanford FC (6 November 2018). "Chapter 10: Weight-loss programs". In Stevens JR, Stern TA (eds.). Facing Overweight and Obesity: A Complete Guide for Children and Adults. MGH Psychiatry Academy. pp. 127–128. ISBN 978-0-9991483-5-8.
- ^ "Weight loss: Choosing a diet that's right for you". Mayo Clinic. 6 June 2020.
External links
- Official website
- Historical business data for Nutrisystem:
- SEC filings
- 1972 establishments in Pennsylvania
- 2019 mergers and acquisitions
- American companies established in 1972
- American corporate subsidiaries
- Brand name diet products
- Companies based in Montgomery County, Pennsylvania
- Food and drink companies established in 1972
- Food and drink companies of the United States
- Companies formerly listed on the Nasdaq
- Upper Dublin Township, Montgomery County, Pennsylvania
- Weight loss companies