Bally Total Fitness Completes Sale of 171 Clubs to Fitness International
CHICAGO, Nov. 30, 2011 /PRNewswire/ -- Bally Total Fitness Holding Corporation today announced that it has completed the transaction to sell assets relating to 171 Bally Total Fitness clubs to Fitness International, LLC, an affiliate of LA Fitness International, LLC.
Bally Total Fitness will continue to own and operate a more focused footprint of 100 locations under the Bally name. In addition, it will use the proceeds from the transaction to eliminate its debt and explore future opportunities to continue improving the fitness experience for its members.
About Bally
With over 30 years of experience, Bally Total Fitness is among the most popular health club brands in America. The professionals at Bally help motivate members to improve their physical health and reach their personal fitness goals with many affordable membership choices - including many options with no long-term commitment. For more information, please visit www.ballyfitness.com.
SOURCE Bally Total Fitness Holding Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article