PAOLI, Pa., Nov. 7 /PRNewswire/ -- HealthEase, Inc. announced today that
it has completed a transaction in which it has acquired the corporate fitness
operations of Continuum Health Care, Inc. Financial terms of the transaction
were not disclosed.
"We are excited to announce this significant milestone in our growth,"
noted Steven W. Smith, the Managing Partner of HealthEase. "With this
addition, we now manage and operate 25 corporate fitness centers serving a
diverse client base. In addition, we are pleased to welcome the new fitness
associates from Continuum and look to them to continue to provide a high level
of customized service to our corporate clients and their employees."
HealthEase provides complete turn-key management of corporate fitness
centers and a comprehensive range of ancillary wellness and health promotion
services. The Company's clients include leading companies in the financial
services, pharmaceutical and technology industries.
"This is a positive development for all parties," noted Peter Hotz,
Continuum's Founder and President. "This transaction will allow us to focus
our management resources on the growth of our workers' compensation and
disability management services. In addition, we are pleased that our
corporate fitness clients will be well-served by HealthEase and look to them
to continue the growth of these fitness centers."
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