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West Coast University pharmacy school appoints founding dean

BY Alaric DeArment

IRVINE, Calif. — West Coast University’s new School of Pharmacy has picked a dean, the school said Wednesday.

The university announced the appointment of Naushad M. Khan Ghilzai as the founding dean of the school, which will be at the university’s Los Angeles campus. Ghilzai most recently served as associate dean for faculty at LECOM School of Pharmacy in Erie, Pa., and in Bradenton, Fla.

"We’re very pleased that the School of Pharmacy will be guided by someone of Dr. Naushad’s caliber and experience," West Coast University founder and chairman David Pyle said. "He is highly regarded by his peers and students alike. His teaching skills and research credentials, along with the respect he commands, will be invaluable in recruiting top-flight professors and students to our new School of Pharmacy."

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99 Cents Only in $1.6 billion buyout

BY Katherine Field Boccaccio

COMMERCE, CALIF. — Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors — including its founding family, Ares Management and Canadian Pension Plan Investment Board — for $1.6 billion in cash.

The announcement ends a months-long sales process, which started with a takeover offer from Leonard Green & Partners in March.

The Gold/Schiffer family, which founded the company almost 30 years ago, will roll over its 33% stake into the newly private company. The family members and other existing management will stay on to run the company, which operates 298 stores.

“We have come to know and respect Ares Management and C.P.P.I.B. through this process, and we believe they will be excellent partners and help us achieve our long-term goals as a company,” Eric Schiffer, CEO, 99 Cents, said in a statement.

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Joint Juice acquires Premier Nutrition Brand

BY Michael Johnsen

SAN FRANCISCO — Joint Juice on Wednesday announced its acquisition of the Premier Nutrition Brand. Terms of the deal were not disclosed.

“With the acquisition of the Premier Nutrition brand, we are now actively competing in the large and growing sports nutrition and weight-loss category," stated David Ritterbush, Joint Juice CEO. "What is especially exciting about the brand is the wide breadth of consumers who purchase high-quality protein products, ranging from sports enthusiasts to dieters to healthy, busy people. We believe that our company can build upon the success that Premier Nutrition has created and continue to introduce these great products to more consumers.”

Founded in 1997, Premier Nutrition offers several lines of high-protein nutrition products, including ready-to-drink shakes, bars, powders and cookies.

Premier Nutrition offers the Premier Protein shake, Premier Protein bar, Premier Protein 100% whey isolate powder, Titan high protein bar, Titan high protein cookie and Premier Nutrition shot. Products can be found at Costco, Sam’s Club and select grocery and specialty stores in the United States and Canada, the company stated.

 


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