By watching the daily fluctuating stock market it would be difficult to make any substantial judgments as to the U.S. emerging from its recession. Regardless, when looking at the health and fitness industry, a ray of hope is found. Aaron Lieberman, the chief development officer for Titan Fitness, a Gold’s Gym Franchisee, said they have [...]
THL Credit Opportunities, L.P. (THL Credit) sponsored a recapitalization of Anytime Worldwide, LLC (”Anytime Fitness”) in partnership with Partnership Capital Growth (PCG-AFI) and the company’s owners and founders, Chuck Runyon and Dave Mortensen. Founded in 2001, Anytime Fitness is the world’s largest 24-hour, co-ed fitness franchise concept with over 1,200 clubs opened and nearly 800,000 [...]
The fitness industry has made, what appears to be, a successful move to India thanks to Bollywood film actors. The actors have increasingly appeared shirtless, exposing their fit physique. Bollywood is the Indian equivalent to the American Hollywood. Located in Mumbai, India, it is the largest film producer in the country. Fitness First, one of [...]
How Mark Harrington and Healthworks have prospered by perfecting a niche and serving the Greater Boston community. BACK TO THE BEGINNING In what must seem like a previous life, Mark Harrington, president of Healthworks Fitness Centers for Women, was involved in site selection for commercial real estate – specifically shopping centers. During this early part [...]
Some states and corporations are making an active switch to healthy and fit lifestyles. In order to promote wellness, North Carolina has developed a new state employee Health Plan. The plan focuses on quitting tobacco use and weight management. With the terms and conditions of the new plan, state employees would have to change the [...]
By: Kirsten E. Silven With 23 clubs and counting, Sport & Health is the largest fitness chain in the Washington D.C. metropolitan area. Locally owned and operated for more than 30 years, the company is led by CEO Jonathan Adler and President and COO Mark Fisher, two dynamic leaders who have created a plan that [...]
By: Tyler Montgomery When some club owners hear the terms “remanufactured,” “refurbished” or “used” equipment they tend to shut down. However, second-hand equipment can often help clubs gain an advantage over the competition by lowering overhead. In turn, this can free up resources, allowing clubs to focus on what really brings in the revenue – [...]
Bally Total Fitness has been cleared to exit bankruptcy as part of a restructuring plan that calls for lenders JPMorgan Chase and Anchorage Advisors to take control of the health club operator.
IHRSA announced that its Public Policy Council has pledged a total of $950,000 to protect, promote and defend the health club industry during tough economic times. The council is made up of concerned club operators to ensure the industry has financial resources to protect itself against unwarranted regulation and taxation.
Meridian Sports Clubs has received $10 million of senior secured debt from Praesidian Capital Investors. The club chain currently operates 12 upscale health clubs under the brand.
