Nutrisystem Buys South Beach Diet for $15M

Nutrisystem (NASDAQ:NTRI) has acquired South Beach Diet for $15 million.

NutrisystemThe weight-loss company plans on relaunching and expanding South Beach Diet. Nutrisystem says the acquisition may dilute earnings slightly next year as it prepares for a relaunch of the diet in 2017.

The South Beach Diet was created by Arthur Agatston, a Florida cardiologist who also wrote the best-selling book by the same name in 2003–more than 23 million copies of the book are in print.

Nutrisystem is a commercial provider of weight loss products and services headquartered in Fort Washington, Pennsylvania

NTRI stock is down 0.24% Friday.

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