Flip through the pages of the 2012 calendar, and on any given day, it appeared that some big announcement was made about an acquisition or merger in the fitness industry. That, perhaps, was the biggest trend of the year....More
LA Fitness says it will honor most of the benefits that will be issued in a settlement from a class-action lawsuit filed by members of Urban Active, which LA Fitness acquired last month....More
With markets opening during the past year, private equity firms are becoming more interested in the fitness industry. Industry insiders say that the industry’s recession-resilient reputation, increased mergers and acquisitions in the industry, plus an impending capital gains tax deadline have led to more activity as 2012 heads down the home stretch....More
LA Fitness, Irvine, CA, announced that it has finalized its acquisition of Urban Active, Lexington, KY. Terms of the agreement were not disclosed....More
Urban Active, Lexington, KY, recently welcomed nearly 1,000 participants to a 10-city Get Active Challenge tour, which offered them a free boot camp as well as an educational session and tips to stay motivated....More
LA Fitness, Irvine, CA, is acquiring 171 clubs from Bally Total Fitness, Chicago, for $153 million, the companies announced today. The blockbuster deal will change the landscape of the entire health club industry....More
Several fitness facilities in Ohio have been thrown into the spotlight as a result of steroid-related arrests, and one Ohio YMCA is trying to repair its reputation after a series of miscommunications about the extent of its involvement in the steroid sales investigation....More
The major players in the industry either have the cash or are more able to get the credit to grow their companies. The result could mean industry consolidation, likely driven by only those major players....More