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Lindora Founder, Dr. Marshall Stamper, Dies at 89

The Associated Press

COSTA MESA, Calif.--(BUSINESS WIRE)--Dec 6, 2018--Weight loss pioneer, Dr. Marshall Stamper, died earlier this week surrounded by his family. He was eighty-nine years old.

Dr. Stamper founded Lindora in 1971 with the company's first clinic in Newport Beach. Since its founding, Lindora’s medically supervised program has helped hundreds of thousands of people lose weight and live healthier lives. Dr. Stamper was a pioneer in the study of obesity medicine and one of the first adopters of the ketosis-based diet.

“Dr. Stamper not only was among the first doctors nearly fifty years ago to recognize and use the ketogenic diet, he then created a process that made it available to everyone. His and Lindora’s success over the years is a significant factor in the ketogenic diet’s wide acceptance today,” said Dan Lubeck, Managing Director of Solis Capital Partners.

In 2015, Solis Capital Partners, together with Innovate Partners, invested in Lindora to help the company grow and reach more patients.

About Lindora

Founded in 1971, Lindora is one of the largest, medically supervised weight loss, wellness and consumer products company in the United States. The nationally recognized brand has helped hundreds of thousands of people lose weight and live happier, healthier lives for nearly 50 years. Lindora’s medically supervised weight management and wellness programs help patients lose weight rapidly and keep it off by eating better, exercising more and managing stress more effectively. Lindora operates 34 clinic locations in Southern California. Lindora’s mission is to transform people’s lives through weight loss and wellness. For additional information about Lindora, visit lindora.com.

About Solis Capital Partners

Solis Capital Partners is a private equity firm specializing in the lower middle market. Headquartered in Newport Beach, California, Solis invests in companies with revenues of $10 to $100 million, typically in the service, consumer products, niche manufacturing, and software sectors. For additional information, visit  soliscapital.com.

About Innovate Partners

Innovate Partners is an operationally oriented venture capital company that makes equity investments in growth companies that are active in technology, business services and consumer sectors with a strategy currently focused on the intersection of technology and the health and wellness markets. For more information please visit  www.ipvc.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181206006053/en/

CONTACT: Steve Patterson - 714.415.4618

steve.patterson@lindora.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION GENERAL HEALTH

SOURCE: Lindora

Copyright Business Wire 2018.

PUB: 12/06/2018 08:04 PM/DISC: 12/06/2018 08:04 PM

http://www.businesswire.com/news/home/20181206006053/en

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