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Wellful, Inc. Acquires Jenny Craig Brand, Expanding Its Portfolio Of Leading Health And Wellness Brands

Jul 05, 2023over 2 years ago

Acquiring Company

Wellful

Acquired Company

Jenny Craig

CharlotteFitnessWellness

Description

Wellful, Inc.® ("Wellful"), a premier direct-to-consumer, omni-channel health and wellness platform, announces the acquisition of the Jenny Craig brand. Wellful combines best-in-class e-commerce technology with scientifically formulated solutions to help consumers live happier and healthier lives across its portfolio of vitamin, supplement, and weight loss brands. Jenny Craig is expected to return this Fall with a convenient direct-to-consumer delivery model with the same delicious food and personalized coaching that millions of Jenny Craig customers have come to know and love.

Company Information

Company

Wellful

Location

Charlotte, North Carolina, United States

About

Wellful, Inc. is a premier omnichannel health and wellness company that combines innovative technology with scientifically formulated solutions to help consumers live happier and healthier lives. Wellful's portfolio of clinically studied wellness brands includes such brands as Nugenix, Ancient Nutrition, Peptiva, Instaflex, Super Beta Prostate, Doctors’ Preferred, Jenny Craig, and Nutrisystem. Wellful, Inc. is a Kainos Capital portfolio company.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed