Jenny Craig Inc
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OVERALL |
|
Owned |
USA |
Rating |
N/A |
Weight loss centres
One of the world's two largest diet firms (along with Weight Watchers). Founded in Australia in 1983, today they have centres in US, Canada, Australia, New Zealand, UK and France. In 2006 Nestle bought Jenny Craig from private investment firms MidOcean Partners and ACI Capital and founders Jenny and Sid Craig. Acquired by H.I.G. Capital in 2019. Filed for bankruptcy in 2023.
Company Ownership
Jenny Craig Inc | USA | website | ||||
H.I.G. Capital LLC
owns 100% of Jenny Craig Inc |
USA | website | ||||
Private equity firm Global alternative assets investment firm with $55 billion of equity capital under management. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Jenny Craig Inc | ||||
No assessment data currently available for Jenny Craig Inc | ||||
H.I.G. Capital LLC | ||||
In 2021 H.I.G. Capital and former executives of South Bay Mental Health Center (SBMHC) agreed to pay US$25 million for allegedly causing fraudulent claims to be submitted to Massachusetts' Medicaid Program, known as MassHealth, for mental health care services provided to patients by unlicensed, unqualified, and improperly supervised staff members at clinics across the state. This settlement is the largest publicly disclosed government health care fraud settlement in the nation involving private equity oversight of health care providers, as well as the largest amount a private equity company itself has agreed to pay to resolve fraud allegations involving health care portfolio companies.
Source: Commonwealth of Massachusetts (2021) |
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2023) |
Company Details
Type | Wholly-owned subsidiary |
Contact Details
Address | Carlsbad, California, USA |
Website | www.jennycraig.com |