Nutrisystem Owner Wellful in Debt Talks as Ozempic Hits Sales

Battling the increasing allure and accessibility of drugs like Ozempic, the company behind last-generation weight-loss and diet plans Jenny Craig and Nutrisystem is experiencing losses so sharp it’s struggling to pay interest on its loans.

Wellful Inc., backed by private equity firm Kainos Capital, is consulting experts as it weighs options to address its debt load and huddles with creditors to discuss specifics, according to people familiar with the discussions, and has tapped investment bank Houlihan Lokey Inc. to manage the process.

A group of its creditors hired law firm Gibson Dunn & Crutcher LLP ahead of an ...