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A potential deal that executives at Planet Fitness had been negotiating to sell the company is now off, according to a source close to Planet Fitness, Newington, NH.
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24 Hour Fitness, San Ramon, CA, announced that it has sold all 18 of its California Fitness clubs in Asia to The Ansa Group. Financial terms of the sale, which closed on Monday, were not disclosed.
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The case Finley vs. Club One Inc. that began after a member injured himself in a Club One facility in 2007 has come to a close after the Supreme Court of California decided not to hear it. The case was heard last March in a court of appeals.
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Johnson Health Tech (JHT), the parent company of such fitness brands as Matrix, Vision, AFG and Horizon, has acquired Magnum Fitness, South Milwaukee, WI.
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Anna Henson, an employee of a Charter Fitness club in Bloomington, IL, helped save the life of a member who went into cardiac arrest at the club last month.
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The 20,000-square-foot Twin Pike Family YMCA in Louisiana, MO, kicks off its final fundraising efforts for a two-phase facility expansion with a challenge grant to raise $1.2 million in the next year.
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The Wilderness Trace YMCA in Harrodsburg, KY, received a $500,000 grant to help kick off fundraising efforts on a $1.2 million renovation to be completed in early 2014.
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Part of serving a community is not just about helping people improve their health and fitness. Club operators often reach beyond their walls through philanthropic efforts.
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Many companies do not take any special steps to recapture lost members, but ignoring these individuals constitutes a massive missed opportunity. By taking certain steps, you may be able to win back lost members, Christine Thalwitz writes.
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Chapter 11 reorganization is primarily known as a tool to reorganize debts. However, Chapter 11 has less apparent uses, one of which is to disengage a deadweight or silent business partner or equity owners from your business, Jessica Grossarth writes.
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Sometimes, the greatest evolutions are birthed from the most troubled of times. But that evolution comes with a price.
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The North Avenue Group LLC, an Atlanta-based private-equity firm, has acquired JRG Fitness Operations, the largest independent franchisee of Snap Fitness clubs in North America. Terms of the transaction were not disclosed. JRG Fitness, also based in Atlanta, owns and manages Snap Fitness clubs in nine states with more than 21,000 members. "By creating liquidity for many of our existing store owners, the entrance of private equity at the franchisee level confirms the growth of our brand and our continued interests in partnering with capable, investor-backed management teams," Gary Findley, COO of Snap Fitness, Chanhassen, MN, said in a statement.
Two Snap Fitness clubs in Davenport, IA, and Moline, IL, closed on Aug. 1, but Snap Fitness says it is working to reopen them. Members of the closed clubs are able to use any other Snap Fitness club and are not charged monthly dues. Once the clubs have reopened, the members will be contacted and invited back, according to a Snap Fitness spokesperson.
A Bally Total Fitness club in Deerfield, IL, closed last Wednesday after more than 25 years in business, according to the Deerfield Review. The club opened as Chicago Health Club and later changed its name to Chicago Health and Racquet Club before becoming Bally, the newspaper reported.
The Punahou Fitness and Spa in Honolulu, one of the longest-running clubs in Hawaii, closed last Friday, according to several local media reports. The owners of the club, which had more than 1,700 members, will file for bankruptcy. The club opened in 1974.
The YMCA in Jersey Shore, NJ, plans to begin a renovation project this month that was originally set to begin five years ago to add more space for cardio and strength-training equipment. The renovations are planned for the wellness center, the aerobics room and the free-weight room. Along with the renovations, the Y also plans to create a teen center. Renovations are expected to be finished by early October. |
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Brivo Systems LLC, Bethesda, MD, a security management systems provider, announced that ClubReady, a provider of health club management services, has joined the Brivo Technology Partnership program to develop software integration that enables its health club customers to offer 24-hour access to their facilities. ClubReady is a web-based, club management service for fitness facilities that connects clients with trainers, service providers and club management to increase revenues, efficiency and improve client and employee satisfaction.
GroupEx PRO, Boulder, CO, a private, web-based communication portal designed to streamline group fitness program management, is now offering a free communication success guide for group fitness managers worldwide. The guide features a five-part series, including video tips, on all things group fitness managers need to know about communicating with a unique, mobile workforce. Fitness managers who are interested in subscribing to the guide can register online at www.groupexpro.com. |
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