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Health and Fitness Club Industry News: Chains

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Life Time Fitness Announces Completion of Acquisition by Affiliates of Leonard Green & Partners and TPG
Posted: June 10, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc., The Healthy Way of Life Company, announced the completion of its acquisition by an investor group led by affiliates of Leonard Green & Partners and TPG. The execution of a definitive merger agreement outlining the terms of the transaction was initially announced on March 16, 2015. Other key investors include LNK Partners and Life Time Chairman, President and Chief Executive Officer, Bahram Akradi. Read More...

Life Time Fitness and LTF Merger Sub, Inc. Announce Notes Offering
Posted: May 26, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc. (NYSE:LTM), The Healthy Way of Life Company (“Life Time”), and LTF Merger Sub, Inc. (the “Issuer”), controlled by affiliates of Leonard Green & Partners and TPG Capital, L.P., announced that the Issuer intends to privately offer, subject to market and other conditions, $600 million in aggregate principal amount of its senior notes due 2023 (the “Notes”). Read More...

Life Time Fitness Expands Presence in California with May 12 Opening of Life Time Athletic Roseville
Posted: May 7, 2015 in Chains

ROSEVILLE, CA and CHANHASSEN, MN - Advancing its commitment to improve the health of communities, Life Time – The Healthy Way of Life Company (NYSE:LTM) announced the Tuesday, May 12 opening of its newest destination, Life Time Athletic Roseville, located at 1435 East Roseville Parkway. A grand opening ribbon cutting and preview celebration for Founder’s Members and the media was held on May 7. Read More...

Life Time Fitness and Target to Launch Exclusive “C9 Challenge” Group Fitness Class
Posted: April 16, 2015 in Chains

CHANHASSEN, MN - Life Time – The Healthy Way of Life CompanySM (NYSE: LTM) and Target (NYSE: TGT) announced the launch of “C9 Challenge,” an innovative Group Fitness class that also highlights C9 Champion, Target’s exclusive activewear line for men, women and kids. Read More...

Life Time Fitness Announces Early Termination of HSR Waiting Period for Proposed Acquisition by Affiliates of Leonard Green & Partners and TPG
Posted: April 14, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc. (NYSE: LTM), The Healthy Way of Life Company, announced that it has received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its proposed acquisition by affiliates of Leonard Green & Partners and TPG. Read More...

Life Time Fitness to Bring Jillian Michaels BODYSHRED Class to Destinations Nationwide
Posted: April 1, 2015 in Chains

CHANHASSEN, MN - Adding to its expansive list of more than 60 group fitness class offerings, Life Time – The Healthy Way of Life Company (NYSE: LTM) announced the addition of Jillian Michaels BODYSHRED to its Group Fitness Featured Format lineup. As a Feature Format, Jillian Michaels BODYSHRED class will debut in multiple clubs starting in April and roll out to all of Life Time’s 32 markets throughout 2015. Read More...

Life Time Fitness Enters Into Definitive Agreement to Be Acquired by Affiliates of Leonard Green & Partners and TPG
Posted: March 16, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc. (NYSE:LTM), The Healthy Way of Life Company, along with Leonard Green & Partners and TPG, today announced that they have 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 $4.0 billion. Other key investors include LNK Partners and Life Time Chairman, President and Chief Executive Officer, Bahram Akradi, who will remain in his role and has committed to make a rollover investment of $125 million in Life Time common stock. Read More...

Life Time Fitness Announces March 10 Opening of Life Time Athletic Raleigh
Posted: March 4, 2015 in Chains

RALEIGH, N.C. and CHANHASSEN, MN - Advancing its commitment to improve the health of communities, Life Time – The Healthy Way of Life Company (NYSE:LTM) announced the Tuesday, March 10 opening of its newest destination, Life Time Athletic Raleigh, located at located at 8515 Falls of Neuse Road. A grand opening ribbon cutting and preview celebration for Founder’s Members and the media is set for 6:00 p.m. on Thursday, March 5. Read More...

Life Time Fitness and IRONMAN Expand Relationship with Exchange of Boulder Sprint, Boulder Peak and Life Time Tri Soma
Posted: March 3, 2015 in Chains

CHANHASSEN, MN and TAMPA, FL - IRONMAN and Life Time – The Healthy Way of Life CompanySM (NYSE: LTM), announced the continuation of their partnership with the exchange of three continuing events. Read More...

Life Time Fitness Announces Fourth Quarter and Full Year 2014 Financial Results
Posted: February 26, 2015 in Chains

CHANHASSEN, MN - Life Time Fitness, Inc. (NYSE:LTM), The Healthy Way of Life Company, reported its financial results for the fourth quarter and year ended December 31, 2014. Read More...

Ajax, Ontario to Be Home of Luxurious, New Life Time Athletic Destination in Summer 2015
Posted: February 16, 2015 in Chains

CHANHASSEN, MN and AJAX, Ontario - Officials from Life Time – The Healthy Way of Life Companysm (NYSE:LTM) announced the planned opening of Life Time Athletic Ajax during the summer of 2015, marking the Company’s second Canada location. A Preview Center opened today at 100 Beck Crescent in Ajax and offers a comprehensive look at the new resort-like destination and its amenities and membership offerings. A limited number of Founder’s Memberships are available, which includes exclusive Life Time gear and early access to the club before its official opening to all members. Read More...

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