MINNEAPOLIS — As Health Fitness Corp. released performance results for 2004, it also announced plans to align its health and fitness management business into two operating units — Fitness Management Services and Health Management Services.
“We have completed the integration of the Johnson & Johnson Health and Fitness Division acquired last year and we are aligning our organization to best serve our clients in both fitness and health management,” said company CEO and President Jerry Noyce. “This alignment provides an even greater platform to bring our clients the resources, products and services to meet their needs in reducing rising health care costs.”
The integration of the Johnson & Johnson Health and Fitness Division helped the company realize $52.5 million in total revenue, an increase of 66 percent from 2003. Health improvement services revenue increased 171.3 percent to $2.3 million and positive net earnings applicable to common shareholders was $1.6 million in 2004 compared to a net loss of $27,000 in 2003.
As the company aligns into two units, its corporate fitness management business, which now manages worksite, community, and university fitness centers throughout the United States and Canada, will continue to be led by Jim Narum and Dave Hurt, national vice presidents of account services for Fitness Management.
They will work closely with Katherine Hamlin, currently vice president of marketing, who becomes national vice president of account services for Health Management, and will assume responsibility for worksite health management locations.