Newsbeat Newsbeat
August.10.2011 FROM CLUBINDUSTRY.COM
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Purchase Price of Equinox-Sports Club Co. Deal: $130 Million
Victims in LA Fitness Shootings Sue Club
Precor Shows Strength in Second Quarter for Amer Sports
Public Recreation Departments Announce Facility Updates
Genesis Health Clubs Acquires Two More Clubs in Kansas
Studies Show Benefits of Exercise on Heart, Brain Health
Unused Club Management Software Tools Leave Revenue Untapped
Enhancement Fees Are Not the Answer to Your Club's Financial Needs
Step By Step: Why Your Health Club Should Have an AED
The LaLannes Are Still Getting the Love
Facility News
Supplier News
Discussions From CI's LinkedIn Group Page
Online Story Comments


News
Purchase Price of Equinox-Sports Club Co. Deal: $130 Million
The price Equinox paid to acquire The Sports Club Co. was close to $130 million, according to an industry source with knowledge of the deal.
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Victims in LA Fitness Shootings Sue Club
Two years after the tragic shootings in a Pittsburgh-area LA Fitness, victims have filed lawsuits against the Irvine, CA-based company and the estate of the gunman.
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Precor Shows Strength in Second Quarter for Amer Sports
Net sales for Precor, Woodinville, WA, fell by 3 percent in second quarter 2011 compared to the same period last year, but that was a 9 percent increase in local currencies, according to financials released by the company last week.
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Public Recreation Departments Announce Facility Updates
Several parks and recreation departments across the country opened new facilities or announced plans or proposals to make improvements to existing facilities in the past week.
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Genesis Health Clubs Acquires Two More Clubs in Kansas
Genesis Health Clubs, Wichita, KS, recently acquired two new clubs in Kansas, one each in Lawrence and Leavenworth.
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Studies Show Benefits of Exercise on Heart, Brain Health
Looking for a way to reduce heart disease risk or improve brain function? Exercise is the answer, according to two recent studies that add to the list of exercise's health benefits, showing that workouts are good for improving more than just physiques.
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Unused Club Management Software Tools Leave Revenue Untapped
Sitting in many fitness facilities right now are valuable instruments that can help increase memberships and revenue, better target prospects and help improve operations. Those tools are part of a facility's club management software.
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Enhancement Fees Are Not the Answer to Your Club's Financial Needs
Thomas Kulp disputes adding enhancement fees in the name of customer service and explains why increasing membership fees is more effective in the long run.
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Step By Step: Why Your Health Club Should Have an AED
Sudden cardiac arrest is one of the leading causes of death in the country, especially in health clubs, but would your facility be prepared to respond? Scott Lehnkering explains why automated external defibrillators are an essential piece of equipment for every gym.
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From the Blog
The LaLannes Are Still Getting the Love
Organizations both in and out of the fitness industry are continuing to recognize our dear departed friend Jack LaLanne, who will receive two posthumous honors in the coming weeks.
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In Brief
Facility News
  • After a year of negotiations, In-Shape Health Clubs, Stockton, CA, acquired Spa Fitness Centers, Capitola, CA, last week, Paul Rothbard, CEO of In-Shape, told the Santa Cruz Sentinel. A purchase price was not disclosed. In-Shape plans to invest $2.5 million in renovations of the 40-year-old club, which has 7,000 members. In-Shape now has 45 clubs in California.
  • Town Sports International (TSI), New York, has signed an exclusive partnership agreement with American International Lifestyle's portfolio of companies, including Apogee Lifestyle, Apogee Wellness, Power Pilates, Pilates Pro and Beyond Barre. Under the agreement, TSI trainers will receive certification in Apogee's programs starting this fall, and the programs will be introduced in TSI's 159 clubs. Certification for independent trainers will be offered through training events.
  • Crunch, New York, will present two new programs at the IDEA World Fitness Convention in Los Angeles this week: LaBlast, a dance fitness class created by choreographer Louis Van Amstel, and the X-Pert Pole Fitness training program, which will provide participants with the training to teach pole fitness classes. The classes are available nationwide at Crunch locations.

  • Supplier News
  • The American Council on Exercise (ACE), San Diego, announced the promotion of Janet Frenkel from executive vice president of marketing and sales to chief operating officer. "We created the COO position to maximize Janet's expertise and talent, and fuel her ability to further grow the American Council on Exercise brand nationally," says Scott Goudeseune, the organization's CEO. Frenkel brings more than 20 years of leadership experience in behavioral economics and the fitness and health care industries to her new role.
  • FIT-traxx, Princeton, NJ, has partnered with New Paradigm Partners to expand the FIT-traxx small group personal training program to health clubs throughout the country. Created by John Bonica, the program includes a club launch kit with marketing tools and in-club and web-based training for personal trainers, sales staff and management.
  • Industry Buzz
    We appreciate your comments and discussions on our Facebook, Twitter and LinkedIn pages and online stories, and now they will be featured in our new section, Industry Buzz. See what other people in the fitness business community are saying and join the conversation.
    Discussions From CI's LinkedIn Group Page
    Gold's, Bally Officials Meeting This Week

    I think what it would mean is that a consolidation phase is coming to the bricks and mortar aspect of the fitness industry...

    Gold's, Bally Officials Meeting This Week

    What would GGI buying Bally Total Fitness mean for the industry? It would first mean ANOTHER BIG PLAYER with hundreds of corporately-owned clubs...

    Gold's, Bally Officials Meeting This Week

    does GGI have the personnel in place to successfully pull this off?

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    Online Story Comments
    ACSM Releases New Exercise Guidelines

    Outstanding article- happy to see guidelines regarding motor skills such as balance- moving in the right direction

    Equinox Acquires The Sports Club Co.

    what would be a potential price? Real estate included in los angeles and orange county? The stock has a market cap right now...

    Gold's, Bally Officials Meeting This Week

    Wow. Two shyster companies with horrible marketing reputations get to come together. Another stab in the heart for decent...

    Gold's Gym in Talks to Buy Bally, Sources Say

    bad move .Bally's has ruined the name and industry years ago.

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