24 Hour Fitness, San Ramon, CA, announced it has completed its acquisition of 32 Bally Total Fitness clubs, leaving Bally with seven clubs remaining in the company. The sale closed on Friday, 10 days after it was first announced.
Youfit, Deerfield Beach, FL, announced it has received a $45 million credit facility from GE Capital. The investment will be used to support Youfit's growth plans and for general working capital needs.
MediFit Corporate Services, a Florham Park, NJ-based wellness, fitness consulting and management company, has been acquired by Phoenix-based EXOS, formerly known as Athletes' Performance. Terms were not disclosed.
Three reports on the health and well-being of the population of U.S. cities as well as state rankings related to obesity and physical activity trends were released this week by WalletHub, the United Health Foundation and the American College of Sports Medicine.
In a deal that involves two of the biggest names in the health club industry, 24 Hour Fitness, San Ramon, CA, will acquire 32 Bally Total Fitness clubs in New York, New Jersey, Denver and the San Francisco Bay Area, the companies announced Tuesday.
Several universities are seeing increases in the usage of their student recreation centers, and according to one study, students who work out at the centers have a higher grade-point average than those who make no visits.
For $9.99 a month, fitness goers can now get a subscription to a new digital fitness network called Radius, which was announced by NBC Universal. Radius will allow people to work out on their smartphones or tablets.
Apple Inc. is building a $74 million, 100,000-square-foot fitness center at its new headquarters in Cupertino, CA, according to reports. Few, if any, details about what will be included in the fitness center are known.
A Missouri lawmaker has once again introduced a bill that would exempt health clubs in that state from sales taxes. A similar bill was passed in the Missouri House of Representatives last April, but it was vetoed in June.