lifetime fitness http://clubindustry.com/taxonomy/term/7427/more en Life Time Fitness Sells 29 Properties for $900 Million http://clubindustry.com/profits/life-time-fitness-sells-29-properties-900-million <div class="node-body article-body">Life Time Fitness previously said the potential $1 billion in proceeds from its leaseback transactions would help fund the merger, related transactions and related fees.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-sells-29-properties-900-million" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-sells-29-properties-900-million#comments For-profits lifetime fitness Mon, 22 Jun 2015 18:37:00 +0000 41861 at http://clubindustry.com <p>Some of the leaseback transactions occurred June 10, the day&nbsp;Life Time Fitness returned to private operations.</p> Life Time Fitness Acquisition Is Complete, Company Goes Private http://clubindustry.com/profits/life-time-fitness-acquisition-complete-company-goes-private <div class="node-body article-body">First announced in March, the acquisition of Life Time Fitness by an investor group led by affiliates of Leonard Green & Partners and TPG was completed on Wednesday. </div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-acquisition-complete-company-goes-private" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-acquisition-complete-company-goes-private#comments For-profits lifetime fitness Wed, 10 Jun 2015 21:44:00 +0000 41531 at http://clubindustry.com <p>Life Time Fitness ceased trading on the New York Stock Exchange at the close of market Wednesday.</p> Life Time Fitness Shareholders Approve Merger with LTF Merger Sub http://clubindustry.com/profits/life-time-fitness-shareholders-approve-merger-ltf-merger-sub <div class="node-body article-body">The merger passed in a special meeting Thursday with a majority vote according to a form filed with Securities and Exchange Commission.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-shareholders-approve-merger-ltf-merger-sub" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-shareholders-approve-merger-ltf-merger-sub#comments For-profits lifetime fitness Thu, 04 Jun 2015 17:27:00 +0000 41311 at http://clubindustry.com <p>The sale of Life Time Fitness, which has operated as a public company since 2004, remains conditional upon regulatory approval.</p> Ex-NBA Player Rick Brunson Not Guilty of Sex Abuse Charges in Alleged Attack at Life Time Fitness http://clubindustry.com/profits/ex-nba-player-rick-brunson-not-guilty-sex-abuse-charges-alleged-attack-life-time-fitness <div class="node-body article-body">Judge James Booras ruled the state was "unable to meet the burden of proof required" to convict Brunson </div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/ex-nba-player-rick-brunson-not-guilty-sex-abuse-charges-alleged-attack-life-time-fitness" target="_blank">read more</a></p> http://clubindustry.com/profits/ex-nba-player-rick-brunson-not-guilty-sex-abuse-charges-alleged-attack-life-time-fitness#comments For-profits lifetime fitness Mon, 01 Jun 2015 16:55:00 +0000 41171 at http://clubindustry.com <p>Rick Brunson, shown here in 2005 when he played for the Los Angeles Clippers, played nine seasons in the NBA with eight teams.&nbsp;(Photo by Lisa Blumenfeld, Getty Images.)</p> Life Time Fitness and LTF Merger Sub Announce $600 Million Notes Offering http://clubindustry.com/profits/life-time-fitness-and-ltf-merger-sub-announce-600-million-notes-offering <div class="node-body article-body">Life Time Fitness Inc. and LTF Merger Sub Inc. announced today that LTF intends to privately offer $600 million in aggregate principal amount of its senior notes due 2023 to help fund a portion of the purchase of Life Time.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-and-ltf-merger-sub-announce-600-million-notes-offering" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-and-ltf-merger-sub-announce-600-million-notes-offering#comments For-profits lifetime fitness Tue, 26 May 2015 11:57:00 +0000 40911 at http://clubindustry.com <p>The purchasers of Life Time Fitness are offering $600 million in notes to help fund the purchase of the company, which is expected to be finalized this quarter, pending regulatory and shareholder approval. (Photo courtesy Life Time Fitness.)</p> Life Time's Q1 2015 Revenue Increased to $331.1 Million, Sale Completion Expected in Q2 http://clubindustry.com/profits/life-times-q1-2015-revenue-increased-3311-million-sale-completion-expected-q2 <div class="node-body article-body">Life Time Fitness, Chanhassen, MN, reported first quarter 2015 revenue of $331.1 million, a 6.1 percent increase from $311.9 million in first quarter 2014.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-times-q1-2015-revenue-increased-3311-million-sale-completion-expected-q2" target="_blank">read more</a></p> http://clubindustry.com/profits/life-times-q1-2015-revenue-increased-3311-million-sale-completion-expected-q2#comments For-profits lifetime fitness Wed, 29 Apr 2015 01:50:00 +0000 39921 at http://clubindustry.com <p>Life Time Fitness released what could be its last quarterly earnings report before the expected completion of its sale by the end of the second quarter. <em>Photo courtesy of Life Time Fitness.</em></p> Life Time Fitness Faces Class-Action Suits as It Completes HSR Waiting Period for Proposed Acquisition http://clubindustry.com/lifetime-fitness/life-time-fitness-faces-class-action-suits-it-completes-hsr-waiting-period-proposed <div class="field-byline"> Pamela Kufahl, director of content and engagement </div> <div class="node-body article-body">Despite facing class-action lawsuits and more investigations related to its proposed sale, Life Time Fitness, Chanhassen, MN, announced today that it has received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). </div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/lifetime-fitness/life-time-fitness-faces-class-action-suits-it-completes-hsr-waiting-period-proposed" target="_blank">read more</a></p> http://clubindustry.com/lifetime-fitness/life-time-fitness-faces-class-action-suits-it-completes-hsr-waiting-period-proposed#comments For-profits lifetime fitness Tue, 14 Apr 2015 20:53:00 +0000 39411 at http://clubindustry.com <p>Life Time Fitness is facing a few bumps in the road on its pursuit to be&nbsp;acquired and go private. Class-action lawsuits related to the sale have been filed. However,&nbsp;Life Time completed early a required waiting period. <em>Photo courtesy of Life Time Fitness.</em></p> Life Time Fitness Enters into Agreement to Be Purchased for $4 Billion http://clubindustry.com/profits/life-time-fitness-enters-agreement-be-purchased-4-billion <div class="node-body article-body">Life Time Fitness, Inc., Chanhassen, MN, has entered into a definitive merger agreement under which affiliates of Leonard Green & Partners and TPG will acquire Life Time in a transaction valued at more than $4 billion.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-enters-agreement-be-purchased-4-billion" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-enters-agreement-be-purchased-4-billion#comments For-profits lifetime fitness Mon, 16 Mar 2015 12:09:00 +0000 38311 at http://clubindustry.com <p>Photo courtesy Life Time Fitness.</p> Life Time Fitness in Talks for Possible Sale, WSJ reports http://clubindustry.com/lifetime-fitness/life-time-fitness-talks-possible-sale-wsj-reports <div class="field-byline"> Pamela Kufahl, director of content and engagement </div> <div class="node-body article-body">Life Time Fitness is in talks with two possible buyers who could take the company private, according to The Wall Street Journal.</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/lifetime-fitness/life-time-fitness-talks-possible-sale-wsj-reports" target="_blank">read more</a></p> http://clubindustry.com/lifetime-fitness/life-time-fitness-talks-possible-sale-wsj-reports#comments For-profits lifetime fitness Fri, 06 Mar 2015 00:49:00 +0000 38041 at http://clubindustry.com <p>A Wall Street Journal article reports that Life Time Fitness may be sold and go private.&nbsp;</p> Life Time Fitness Reaches Possible $15 Million Settlement in TCPA Class Action Suit http://clubindustry.com/profits/life-time-fitness-reaches-possible-15-million-settlement-tcpa-class-action-suit <div class="field-byline"> Amy Fischbach, contributing news writer </div> <div class="node-body article-body">Life Time Fitness, Chanhassen, MN, will pay from $10 million to $15 million to settle a class action lawsuit alleging the company violated the Telephone Consumer Protection Act (TCPA).</div> <div class="og_rss_groups"></div><p><a href="http://clubindustry.com/profits/life-time-fitness-reaches-possible-15-million-settlement-tcpa-class-action-suit" target="_blank">read more</a></p> http://clubindustry.com/profits/life-time-fitness-reaches-possible-15-million-settlement-tcpa-class-action-suit#comments For-profits lifetime fitness Mon, 02 Mar 2015 17:48:00 +0000 37821 at http://clubindustry.com <p>Even though Life Time Fitness asserted that it could text members with offers because the members gave the company their cell phone numbers, Life Time decided to settle a class action lawsuit related to the practice. <em>Photo by Thinkstock.</em></p>