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Health and Fitness Club Industry News

Thursday, June 13th, 2024

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Health & Fitness Association Elects New Board Chair, Vice Chair, and Treasurer
Posted: June 11, 2024 in IHRSA

The Health and Fitness AssociationBOSTON, MA - At its June 3 meeting, the Health & Fitness Association Board of Directors elected Chris Smith as Chair, Luke Carlson as Vice Chair, and Al Noshirvani as Treasurer, the association announced. Chris Smith has served on the Health & Fitness Association Board for four years, the last year as Vice Chair. He is President and CEO of Fitness World Canada, a position he has held since 2020. Read More...

Jetts Fitness Partners with ABC Fitness for Membership Management
Posted: June 10, 2024 in Suppliers

ABC FitnessLITTLE ROCK, AR - Jetts Fitness, a leading global fitness brand with over 260 gyms worldwide, announces its partnership with ABC Fitness, a key technology provider for fitness businesses everywhere. Jetts Fitness joins ABC Glofox’s growing, global customer-base which includes major franchises like Jazzercise, F45, and Snap Fitness, among others. Read More...

Planet Fitness Prices $800 Million Securitized Financing Facility
Posted: June 7, 2024 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that it has priced $800 million of Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly. Read More...

USPTA Launches New Pickleball Certification for Members and First-Time Coaches
Posted: June 6, 2024 in Suppliers

USPTALAKE NONA, FL - The United States Professional Tennis Association (USPTA), Inc. announces the launch of a new pickleball certification, available to existing USPTA coaches, and for the first time, nonmembers. As one of the fastest growing sports in the United States, pickleball coaching certification offers a unique opportunity for players and current coaches of all skill levels to expand their knowledge and coaching abilities. Read More...

Crunch Fitness Announces its Newest Location in Kyle, Texas
Posted: June 5, 2024 in Chains

Crunch FitnessKYLE, TX - Crunch Fitness announces the upcoming opening of Crunch Kyle, a brand new 35,000-square foot gym with $11M in state-of-the-art equipment and amenities built from the ground up, is projected to open its doors in fall 2024. Crunch Kyle is owned by The Undefeated Tribe, one of the fastest growing franchises within the Crunch Fitness system. Founded by Tony Hartl in 2018, The Undefeated Tribe currently operates locations in Texas and Oklahoma, with 10 more gyms in development throughout 2024. Read More...

Life Time Hosting Exclusive Swim Clinics with Olympian Ryan Lochte
Posted: June 5, 2024 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time (NYSE: LTH), which operates more than 500 indoor and outdoor pools nationwide, is teaming up with world-renowned swimmer, current World Record Holder, and 12-time Olympic Medalist, Ryan Lochte, to offer a series of swim clinics across several of its athletic country clubs. These exclusive clinics, available for all ages, will provide a unique opportunity to learn from one of the greatest swimmers in history in partnership with Life Time's leading aquatics experts. Read More...

Xponential Fitness and the American Cancer Society Collaborate to Recognize National Cancer Survivors Month in June
Posted: June 5, 2024 in Chains

Xponential FitnessIRVINE, CA - According to the American Cancer Society's Cancer Facts & Figures, 2024, it is estimated more than 2 million new cases of cancer will be diagnosed in the United States, and more than 600,000 people will die from the disease this year. This June, Xponential Fitness, a leading global franchisor of health and wellness brands, is collaborating with the American Cancer Society (ACS) for National Cancer Survivors Month, raising awareness and donations to aid research, advocacy, and patient support so that everyone has an opportunity to detect, treat and survive cancer. Read More...

Echelon Fitness Acquires Advanced Recovery Company ThriveX
Posted: June 5, 2024 in Suppliers

EchelonCHATTANOOGA, TN - Echelon, a global fitness, wellness and sports leader, has acquired ThriveX, a company focused on advanced recovery products, including cold immersion systems, smart hybrid saunas and compression boots. Read More...

Ecore Athletic Enhances Performance Collection with New Flooring Solution
Posted: June 5, 2024 in Suppliers

ecoreLANCASTER, PA - Ecore has expanded its Ecore Athletic portfolio with the introduction of Performance Motivate Plus. The company that transforms reclaimed materials into high-performance products that make people’s lives better has created a product engineered for functional, selectorized strength, free weight and cardio training. Read More...

EōS Fitness Partners with Houston Texans
Posted: June 4, 2024 in Chains

EōS FitnessHOUSTON, TX - EōS Fitness, the fast-growing High Value/Low Price (HVLP) gym chain with over 125 locations open or on the way, is continuing to put down roots within the Houston community through its new partnership with the Houston Texans. EōS is now a proud sponsor of the Houston Texans Cheerleaders. Read More...

24 Hour Fitness to Launch New Fitness Formats Focused on Recovery Training and Longevity
Posted: June 3, 2024 in Chains

24 Hour FitnessCARLSBAD, CA - 24 Hour Fitness, a 40-year leader in health and fitness, announces the launch of two new MODUS group fitness classes concentrating on improved recovery, physical resilience and quality of life as we age. Both classes represent a "prehab" approach to physical function: enhancing overall fitness to prevent injuries before they occur, all in a small group setting. Read More...

Peloton Announces Successful Completion of $1.35 Billion Holistic Refinancing
Posted: May 30, 2024 in Suppliers

PelotonNEW YORK, N.Y. - Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) announces it has successfully completed a holistic refinancing that reduced overall debt, extended debt maturities and achieved more flexible loan terms. Peloton used net proceeds from the notes and new credit facilities, together with cash on hand, to strategically repurchase approximately $800 million of 0% convertible senior notes due in 2026 at a discount, to refinance its existing term loan and revolving credit facilities and to pay fees and related expenses. Read More...

NFL Star Dak Prescott Launches New Partnership with CR Fitness Holdings to Expand Crunch Fitness Presence Nationwide
Posted: May 29, 2024 in Chains

Crunch FitnessTAMPA, FL - CR Fitness Holdings LLC, a leading Crunch Fitness franchisee, announces a new partnership with Dak Prescott, star quarterback for the Dallas Cowboys. This collaboration aims to expand the Crunch Fitness brand by delivering affordable fitness and wellness services to local communities throughout the United States. With a goal to operate 100 clubs nationwide by 2026, CR Fitness Holdings LLC is led by industry veterans Vince Julien, Geoff Dyer, Tony Scrimale, and Jeff Dotson, who combined have more than 150 years of experience in the fitness sector. Read More...

Planet Fitness, Inc. Announces Proposed Refinancing Transaction
Posted: May 29, 2024 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that certain of its subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2018-1 Class A-2-II Notes. Read More...

Life Time Closes on $40 Million Sale-Leaseback Transaction
Posted: May 29, 2024 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announces that it closed on a sale-leaseback transaction for approximately $40 million in gross proceeds. The transaction involved one property with an institutional real estate investor that owns another Life Time destination. The transaction terms were not disclosed. Read More...

Blink Fitness Partners with The OUT Foundation for Pride 2024
Posted: May 29, 2024 in Chains

Blink FitnessNEW YORK, N.Y. - Blink Fitness, the affordable fitness brand known for its commitment to an all-inclusive and inviting environment, is kicking off its annual Pride celebration with a series of efforts to raise dollars and awareness in support of The OUT Foundation. The partnership will advance The OUT Foundation's work in removing the barriers that block LGBTQ+ individuals from access to and participation in health, fitness and wellness. Read More...

ACSM Unveils New Brand Identity, Marking 70th Anniversary and Strategic Shift
Posted: May 29, 2024 in Suppliers

ACSMINDIANAPOLIS, IN - In a momentous occasion coinciding with its 70th anniversary, the American College of Sports Medicine (ACSM) unveils the launch of its new brand identity and strategic plan at the 2024 Annual Meeting. This significant milestone reflects ACSM’s commitment to innovation, collaboration and the advancement of movement. Read More...

Life Time and Microsoft Partner on Launch of AI-Driven Companion for Members: L.AI.C
Posted: May 28, 2024 in Chains

Life Time  - The Healthy Way Of Life CompanyCHANHASSEN, MN - Life Time (NYSE: LTH) announces the launch of L.AI.C ("lay-see"), the first generative, AI-driven Healthy Way of Life personal companion for its members. Now rolling out in beta via the Life Time member app, L.AI.C represents the latest innovation in the company's relentless pursuit to help people live healthier, happier lives. Read More...

EōS Fitness Kicks Off 2024 with Amplified Growth
Posted: May 28, 2024 in Chains

EōS FitnessDALLAS, TX - EōS Fitness, the fast-growing High Value. Low Price. (HVLP) gym, with over 125 locations open or on the way, began 2024 with an impressive Q1 packed with new location openings, innovative amenities and executive team developments that illustrate the company’s leadership in the health and fitness industry. Read More...

USTA Names Coaches for 2024 U.S. Olympic and Paralympic Tennis Teams
Posted: May 27, 2024 in Suppliers

USTAORLANDO, FL - The USTA announces its Olympic and Paralympic coaches for the upcoming Summer Games in Paris. Olympic doubles gold medalist and Davis Cup captain Bob Bryan and USTA Head of Women’s Tennis and former Billie Jean King Cup captain Kathy Rinaldi will be leading the men’s and women’s teams, respectively. Four-time Paralympian Jon Rydberg and World Team Cup coach John Devorss will lead the Paralympic men, women, and quad teams. Read More...

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