Kainos Capital Completes Acquisition of Nutrisystem for $575 Million

Builds on Kainos’ Strong History in the Health and Wellness Space

Supported by Structured Investment from MSD Partners

Dallas, TX — Kainos Capital, a private equity firm specializing in acquiring and managing food and consumer businesses, has completed its previously announced acquisition of Nutrisystem, the preeminent direct-to-consumer nutrition and weight management brand, from Tivity Health (Nasdaq: TVTY) for $575 million. The Private Capital Group of MSD Partners, L.P. has partnered with Kainos Capital in this transaction in the form of a preferred and common equity investment.

The transaction reestablishes Nutrisystem as an independent company that will build on its more than 45-year history of helping millions of consumers manage their health through a balanced and clinically proven approach to weight loss.

Andrew Rosen, Managing Partner of Kainos, said, “We are excited to add Nutrisystem to the Kainos portfolio of companies. The Nutrisystem platform provides accessible and convenient weight management products and tools that enable consumers across the nation to achieve their healthier lifestyle goals. This opportunity is particularly attractive during the pandemic when health and wellness is top of mind and it is more challenging for many people to access affordable, healthy meals.”

“The investment in Nutrisystem builds on the Kainos team’s strong history in the health and wellness space, including SlimFast, which we established as one of the fastest-growing brands in the weight management category under our ownership.”

Bob Sperry

Partner, Kainos Capital

Bob Sperry, a Partner of Kainos, added, “The investment in Nutrisystem builds on the Kainos team’s strong history in the health and wellness space, including SlimFast, which we established as one of the fastest-growing brands in the weight management category under our ownership. We look forward to implementing the Kainos Change Capital strategy together with the Nutrisystem management team.”About Nutrisystem
Nutrisystem is a leader in the weight management industry, having helped millions of people lose weight and live healthier lives over the course of more than 45 years. Nutrisystem offers safe, effective and scientifically backed weight loss plans, with distinguished clinical studies and plans that include comprehensive support and counseling options from trained weight loss coaches, registered dietitians and certified diabetes educators available seven days a week from an award-winning contact center. For more information, visit www.nutrisystem.com.