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Town Sports International
(TSI) has called on two investment banks, Deutsche Bank Securities Inc. and KeyBanc Capital Markets Inc., to search for debt institutions that will provide a new $350 million senior secured credit facility.
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As Cybex International celebrates higher revenue in first quarter 2011, the company awaits word on whether banks will put up money to cover a bond the company needs to stay the execution of its liability suit payment before its appeal can be filed in appellate court later this month.
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Many of the products presented at the International Health, Racquet and Sportsclub Association trade show last month in San Francisco were upgrades of existing products, but some new products were introduced. That may have surprised some people, considering the state of the economy during the past few years and speculation that manufacturers had cut back on research and development.
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Just two years after updating their pool drains to comply with the Virginia Graeme Baker Pool & Spa Safety Act, operators of public pools must be prepared to comply with the new Americans with Disabilities Act Standards for Accessible Design.
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The Salvation Army Ray and Joan Kroc Corps Community Center in Boston just celebrated its grand opening last week in Boston but is already drawing criticism regarding its membership fees.
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Planet Fitness has extended hours at its corporate-owned clubs in New Hampshire to 24 hours a day, seven days a week.
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The YMCA of Southern Nevada has been awarded the contract to operate a new $18 million recreation center by the City of North Las Vegas.
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Castanea Partners has purchased a minority interest in TRX, formerly known as Fitness Anywhere, San Francisco.
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The Sterling Center Y in Beverly, MA, has joined the growing number of fitness facilities that are switching to environmentally friendly utilities services.
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Smaiyra Million, CEO of Millennium Partners, which owns six Sports Club/LA locations, plans to grow her company in the high-end club market rather than opening a low-price club option to compete on price. See what else she has in store in this online-only interview.
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To retain members, your club needs to ensure that exercise is a part of your members’ daily lives. Nalisha Patel shares some questions you should ask members to help them make exercise a habit.
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Curves, Anytime Fitness and Kelli Calabrese all have something in common: They all have ties to TV shows, they all have ties to Texas and they all have shined a positive spotlight on the industry.
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The governor of Arizona, Jan Brewer, has a plan to save her state money and decrease her state’s deficit. She is proposing a fee for adults who do not make healthy lifestyle choices. Under Brewer’s plan, unmarried, childless Medicaid recipients who are obese, diabetic or are smokers would have to pay $50 per year if they do not work with their physicians to lose weight or quit smoking.
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A former Lifestyle Family Fitness trainer who was arrested in January after a steroid bust faces more steroid-related charges, according to The Marco (FL) News. After receiving results from the Florida Department of Law Enforcement, which identified several steroids seized earlier this year, Collier County (FL) Sheriff’s detectives charged Nicholas Munson Troemner with possession of anabolic steroids with intent to sell and eight counts of possession of anabolic steroids, the newspaper reported.
The former manager of the Jackson Hole (WY) Athletic Club allegedly stole more than $5,500 from the club, the Jackson Hole News and Guide reported. Chuck Lakovitch is scheduled to appear in court on April 21 to face one felony and three misdemeanor charges. An accountant hired by the club identified more than $25,000 worth of misappropriated transactions, and police identified about $5,500 in allegedly criminal transactions, the newspaper reported. “We were bled to death. We didn’t know he was doing this,” former club owner Cy Richard told the newspaper. “It made us feel really bad because we had this business for 20 years, and he buried us.”
A woman was arrested after she was accused of keeping more than $2,800 that fitness club members paid for day care, the Johnson City (TN) Press reported. Police said that Joanna Lynn Ricker, who was charged with theft of more than $1,000, was the only person who managed the money at the day care center inside Tri Cities Lifestyles Center in Johnson City. Ricker, police said, manipulated financial records and completed transactions without the club owner’s knowledge or consent, the newspaper reported.
Sky Fitness and Wellbeing, Tulsa, OK, plans to open a second club in the city this fall. At 40,200 square feet, the $3.9 million facility will be similar in size, amenities and programming to the original Sky location, which celebrates its fifth anniversary this year.
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Zoom Media and Marketing, New York, has released its FlexCast content management digital media interface in 3,000 health clubs worldwide through the company’s ClubCom division, following its official release at last month’s International Health, Racquet and Sportsclub Association show in San Francisco. FlexCast allows operators to customize the audio-visual entertainment in their clubs to include information about programming, promotions and other club communications.
President George H.W. Bush is encouraging Americans to participate in Pushups for Charity, a fitness challenge that raises money for the Wounded Warrior Project, which benefits injured U.S. service men and women. The event, which was created by fitness business development company NPE, Orlando, FL, as a way for club owners to reach out to their communities, raised $250,000 last year.
Med-Fit Systems Inc., Fallbrook, CA, has released a mobile application called Nautilus Quickfit. The app offers training programs that can be used in sync with Nautilus equipment and is aimed at older users. The app is available for the iPhone and iPod through the Apple iTunes store. A second release, which will allow users to “unlock” new programs as they make progress, is planned for this summer.
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