Nutrisystem
File:Nutrisystem-logo.jpg | |
Company type | Subsidiary |
---|---|
Nasdaq: NTRI | |
Founded | 1972 |
Founder | Harold Katz |
Headquarters | , USA |
Area served | USA and Canada |
Key people | Dawn Zier, President and CEO |
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. 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 2012, Dawn Zier joined the firm as CEO.[6]
In 2015, thefirm acquired the South Beach Diet brand.[7] In December 2018, Tivity Health announced that it would acquire the Nutrisystem brand.[8] On October 19, 2020, Kainos Capital acquired the brand from Tivity Health.[9]
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. [10]
As of 2019[update], four weeks of a basic Nutrisystem plan costs the average American customer $274.99.[11] In light of this expense, the Mayo Clinic lists one of the disadvantages of the diet to be its potentially "prohibitive" cost.[12] 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.[11]
References
- ^ Longe JL, ed. (2008). "Nutrisystem". Gale Encyclopedia of Diets. Vol. Volume 2. Gale Group. pp. 722–726.
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has extra text (help) - ^ "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.
{{cite news}}
: CS1 maint: bot: original URL status unknown (link) - ^ "Webdiet Inc v. Nutrisystem Inc". Retrieved 20 November 2020.
- ^ Key, Peter (5 November 2012). "Dawn Zier named president/CEO of Nutrisystem". www.bizjournals.com. Retrieved 2019-11-27.
- ^ Hilario, Kenneth (18 December 2015). "Nutrisystem acquires diet brand for $15M". www.bizjournals.com. Retrieved 2019-11-27.
- ^ Hammond, Ed (10 December 2018). "Tivity Health Plunges With $1.3 Billion Nutrisystem Deal". Bloomberg. Retrieved 2019-11-27.
- ^ https://investors.tivityhealth.com/news-and-events/press-release-details/2020/Tivity-Health-Announces-Sale-of-Nutrition-Business/default.aspx.
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(help) - ^ 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. "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 NASDAQ
- Upper Dublin Township, Montgomery County, Pennsylvania
- Weight loss companies