Wellful Inc., the parent company of weight-loss brands Jenny Craig and Nutrisystem, is currently facing financial difficulties due to its high debt and increased competition from drugs like Ozempic.
The company is seeking assistance from investment bank Houlihan Lokey Inc. to help manage its financial obligations and explore options for addressing its debt load.
Wellful is engaged in discussions with creditors to develop specific strategies for managing its financial challenges, as it has experienced significant losses that have made it difficult to meet loan interest payments.