HEALTH

Study: One-third of chronically ill have trouble affording medicines, food

BY Michael Johnsen

TUCSON, Ariz. — Approximately 1-in-3 chronically-ill National Health Interview Survey participants are unable to afford food, medications or both, according to a study published Jan. 21 in the American Journal of Medicine. WIC and public health insurance participation are associated with less food insecurity and cost-related medication underuse.

According to the study, of the 9,696 adult NHIS participants who reported chronic illness, 23.4% reported cost-related medication underuse; 18.8% reported food insecurity; and 11% reported both. Adults who reported food insecurity were significantly more likely to report cost-related medication underuse. Participants with both cost-related medication underuse and food insecurity were more likely to be Hispanic or non-Hispanic Black, and have more chronic conditions than patients reporting neither. They were also less likely to have public, non-Medicare insurance and report to WIC participation.

For people struggling to pay for either food or medications, the authors recommended looking into eligibility for food assistance programs, such as the Supplemental Nutrition Assistance Program and WIC, along with community support services like food banks, according to a report in Reuters Health.

 

 

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Post acquires PowerBar, Musashi brands from Nestlé

BY Michael Johnsen

ST. LOUIS — Post Holdings on Monday announced it has agreed to acquire the PowerBar and Musashi brands and related worldwide assets from Nestlé S.A.

Post anticipates combining this transaction with Post’s current active nutrition portfolio to form a singular Active Nutrition Group with expected annualized revenue approaching $550 million. The acquired brands participate in a rapidly growing sports nutrition bar and sports nutrition supplement categories. The global active nutrition category is expected to remain strong with the category projected to grow at a compound annual growth rate of 7% between 2014 and 2017, Post projected, citing Euromonitor. 

The combination of Premier Nutrition’s Premier Protein and Joint Juice brands and Dymatize Enterprises’ Dymatize and Supreme brands with the PowerBar and Musashi brands will afford Post a broad portfolio of brands addressing various segments of the category covering body building, endurance, life style and sports nutrition consumer interests and benefits. The combined portfolio will provide the Active Nutrition Group access to all channels of sales and distribution, as well as all leading product forms, including bars, shakes and powders while expanding its presence worldwide.

David Ritterbush, president and CEO of Premier Nutrition, and Greg Venner, president and CEO of Dymatize will serve as co-CEO’s of the Active Nutrition Group within Post, reporting to Terence Block, president and COO of Post.

The transaction is expected to be completed in Post’s fiscal third quarter, subject to customary closing conditions. Post expects to fund the acquisition with cash on hand.

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GoJo Industries acquires Laboratoires Prodene Klint

BY Michael Johnsen

AKRON, Ohio — GoJo Industries on Friday announced the acquisition of Laboratoires Prodene Klint. Based in France, Prodene Klint specializes in professional hygiene, cosmetics and disinfectant products.  

Terms of the transaction were not disclosed. 

"We are pleased to welcome Prodene Klint to the GoJo family," said Mark Lerner, GoJo President and COO. "Both Prodene Klint and GoJo, as third-generation, family-owned companies and category leaders, will advance our shared vision as the global leader in healthy skin and healthy places. The strategic expansion with Prodene Klint provides many opportunities for learning and positive synergies for both organizations."

"What intrigued us most about expanding with a leader like GoJo was the similarity of Vision," said Eric Vignot, CEO, Prodene Klint. "Prodene Klint and GoJo will expand our geographic footprint, serve global customers and expand access to diverse ideas and resources."

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