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Blast Fitness Acquires 39 Health Clubs from Bally Total Fitness - Blast Fitness buys 39 clubs from Bally Total Fitness - BlastFitness.com
Blast Fitness Acquires 39 Health Clubs from Bally Total Fitness

 

PRZOOM - /newswire/ - Auburndale, MA, United States, 2012/04/10 - Blast Fitness buys 39 clubs from Bally Total Fitness - BlastFitness.com.

   
 
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Blast Fitness Acquisition, LLC announced today that it has entered into a definitive asset purchase agreement with Bally Total Fitness Holding Corporation, and various affiliates, pursuant to which Blast Fitness and certain of its subsidiaries will buy 39 fitness clubs for consideration including the assumption of certain liabilities and cash.

Blast Fitness is one of the fastest growing health club operators in the United States, bringing their $10/month health clubs to markets across the country. Blast Fitness offers Group Exercise Classes, Women Only Area, Babysitting, Tanning, Personal Training and Bring a Friend Free For Life!

With this transaction Blast Fitness is excited to bring their family friendly health clubs to the following local markets: Boston, MA; Buffalo, NY; Charlotte, NC; Fresno, CA; Milwaukee, WI; Providence, RI; St. Louis, MO; Dallas, San Antonio and Houston, TX; and Connecticut. Blast Fitness is delighted to honor all Bally memberships associated with these markets and transferred members will enjoy reciprocal membership privileges at the remaining fitness clubs owned by Bally in other markets.

The transaction is subject to various closing conditions. While Blast Fitness expects that the transaction will be completed by May 1, 2012, there can be no assurance as to when, or whether, the transaction will be completed.

Goodwin Proctor, LLP provided Blast Fitness with legal advice.

 
 
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Agency / Source: Blast Fitness

 
 

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Blast Fitness Acquires 39 Health Clubs from Bally Total Fitness

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Contact: Tom Moran - BlastFitness.com 
617-916-5691
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Blast Fitness securities in any jurisdiction including any other companies listed or named in this release.

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