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WHY WE INVESTED: In 2002, NutriSystem was a struggling company in a large multi-billion dollar category. We saw an opportunity to recapitalize the company and partnered with Mike Hagan for the second time to transition the company’s franchise-based business model to a direct to consumer model.
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TEAM
Mike Hagan
HEADQUARTERS
Horsham, PA
FOUNDED
1972 (Recapitalization in 2002)
CO-INVESTORS
NewSpring Capital
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Nutrisystem is a provider of weight management products and services, sold directly to the consumer through online channels, by phone, and at select retailers, with convenient home delivery. The company offers proven nutritionally balanced weight loss programs designed for women, men and seniors.
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