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Chinese Joint Venture Explores Meal Replacements – Market Worth $750 Million

Nov. 21, 2018 China’s leading one-stop healthcare ecosystem platform, Ping An Healthcare and Technology Company Limited (“Ping An Good Doctor” ) today announced that it has entered into a strategic partnership with the Chinese Nutrition Society. Ping An Good Doctor will participate in the development of the first domestic “meal replacement food group standard” drafted by the […]

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Medifast Reports Q3 Results – Stock Gets Crushed

Nov. 7, 2018 — 3rd Quarter 2018 Highlights: Revenue of $139.2 million, an increase of 80.3% year-over-year Active earning Coaches of 22,600, an increase of 59.2% year-over-year Net income of $13.8 million, an increase of 106.1% year-over-year Earnings per diluted share (“EPS”) of $1.14, an increase of 107.3% year-over-year Dan Chard, Medifast’s CEO, said: …”We are

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Jenny Craig Seeks Buyer

Sept. 12, 2018 Word has it that Jenny Craig is seeking a buyer for its business, according to The Wall Street Journal. Sources indicate the company has hired investment bankers to help advise it on the process. The company has improved sales somewhat after being acquired in 2015 by private equity firm North Castle Partners.

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