Breaking News
News comes fast and furious some weeks. We’re working on several news items today that you’ll see posted on the Web site by early next week. Here are a few quick hitters to chew on until we can post the full stories:
• Sources have said that Planet Fitness, Dover, NH, was recently up for sale but has pulled itself off the market. In a statement, Planet Fitness CEO Mike Grondahl said: “We’re not for sale, although we’re continually getting approached by companies interested in us, and we do listen to them. We’d be fools not to. But there’s nothing on the table and nothing being negotiated right now.” However, the sale of World Gym by Planet Fitness could be finalized soon.
• Contrary to rumors, Anytime Fitness, Hastings, MN, is not for sale, according to spokesperson Mark Daly. One source says that Anytime Fitness could be looking for investment dollars, similar to an agreement between Snap Fitness and Summit Partners, a private equity firm, that was completed during the summer.
• Matthew Stevens left Spectrum Athletic Clubs, Los Angeles, and is now the CEO for Western Athletic Clubs, San Francisco. George Metcalf is the interim president of the executive committee for Spectrum.
• Todd Bright recently left his position as CEO of Lifestyle Family Fitness, St. Petersburg, FL, to pursue missionary work. John Simmons, a Lifestyle board member, is the new CEO of the company.
• Town Sports International released its third quarter financials. The company posted lower net income, but higher revenue for the third quarter.
• More changes at Healthy Inspirations as one of the franchisees has apparently purchased the paper assets of the company.
• Diversified Health, Fort Lauderdale, FL, which was featured on the cover of our October issue, has acquired Access Fitness, an Oklahoma-based chain, as well as Michigan-based Fit Zone for Women International.
