Investing.com - Financial Markets Worldwide
Black Friday Sale! Save huge on InvestingProGet up to 60% off

Town Sports International Holdings to acquire Lucille Roberts Health Club Business

Published 07/14/2017, 09:42 AM
© Reuters. Town Sports International Holdings to acquire Lucille Roberts Health Club Business
CLUBQ
-
  • Town Sports International Holdings (CLUB) entered into an agreement to acquire Lucille Roberts Health Clubs businesses.
  • The transaction is estimated to close within the next month.
  • The acquisition will add 16 clubs to TSI's portfolio in the Northeast and Mid-Atlantic regions of the United States. The Company also plans to retain virtually all club employees.
  • "This acquisition is a prime example of TSI's targeted growth strategy," said Patrick Walsh, TSI's Chief Executive Officer. "Lucille Roberts has a loyal membership base that loves the women's only membership option. While the acquired locations will continue to operate as women's only gyms, TSI will also offer an option for Lucille Roberts' members to access all the clubs in the diverse TSI portfolio. This acquisition will allow those members to utilize the broad array of fitness options and convenient workout locations that are synonymous with New York Sports Clubs."
  • Press Release
  • Now read: West Marine to be taken private at .97/share


Original article

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.