Trustmark to Acquire Health Fitness Corp.
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
MINNEAPOLIS -- Trustmark Mutual Holding Co. will acquire Health Fitness Corp. for approximately $97 million.
On Tuesday, Trustmark filed a tender offer statement with the Securities and Exchange Commission. The tender offer will expire at midnight on Feb. 24.
Once the tender offer has closed, shareholders of Health Fitness will receive $8.78 in cash for each share of Health Fitness common stock tendered in the offer, without interest and taxes. Health Fitness, a provider of employee health improvement services to Fortune 500 companies, the health care industry and individual consumers, will operate as a stand-alone business reporting through Trustmark.
The Health Fitness board of directors has unanimously approved the merger agreement.
“When Trustmark approached Health Fitness, it was immediately evident they had put a great deal of thought and research into their total population health strategy, and that the goals and cultures of the two companies align nicely,” Gregg Lehman, Health Fitness president and CEO, said in a statement. “We have developed a great platform at Health Fitness, and our history of growth in the health management market gives us confidence that our success will continue when we join the Trustmark family.”
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus