FORT WASHINGTON, Pa. (AP) — The load-loss firm Nutrisystem is shopping for the South Seaside Food plan model for $15 million.
Arthur Agatston, the Florida heart specialist who created the South Seaside Food plan and wrote the best-selling e-book by the identical title in 2003, will be part of Nutrisystem’s science advisory board after its acquisition from SBD Holdings Group Corp.
Greater than 23 million copies of the South Seaside model’s books are in print. Nutrisystem says it’s going to increase that attain additional by means of a meal-delivery program.
Nutrisystem, based mostly exterior Philadelphia in Fort Washington, Pennsylvania, says the acquisition might dilute earnings barely subsequent 12 months because it prepares for a relaunch of the South Seaside Food plan in 2017.
Copyright 2015 The Related Press. All rights reserved. This materials might not be printed, broadcast, rewritten or redistributed.