NEW YORK, July 11, 2013 /PRNewswire/ -- Penton's Club Industry, the leading magazine for fitness business professionals in the United States, today unveiled the Top 100 Health Clubs special report, which showcases the fastest-growing U.S. club companies based on their 2012 revenue.
The report shows that after nine years, LA Fitness, formally named Fitness International LLC, is the new number one company atop the list, which reflects the recent merger and acquisition trends in the industry.
LA Fitness acquired 171 clubs from Bally Total Fitness in 2011, and in 2012, it acquired 32 clubs from Lifestyle Family Fitness and all 36 clubs from Urban Active. The company has also steadily added clubs through Greenfield Development. A source told Club Industry that LA Fitness had 568 clubs at the end of 2012, a huge jump from the 505 clubs that the company had at the end of 2011. Club Industry estimated LA Fitness with $1.7 billion in 2012 revenue.
"With its growth in 2011 and 2012, LA Fitness has asserted itself as the clear market leader in the health club industry," says Stuart Goldman, Executive Editor, Club Industry.
LA Fitness surpasses 24 Hour Fitness, which held onto the number one spot for nine consecutive years. 24 Hour Fitness reported that it had more than $1 billion in revenue and more than 400 clubs at the end of 2012. Club Industry estimated 24 Hour Fitness to have $1.5 billion in 2012, the same estimate Club Industry gave 24 Hour Fitness the previous year.
Life Time Fitness is once again ranked number three with a reported $1.127 billion in 2012 revenue, an 11 percent increase from 2011. It was the second year in a row that the publicly held company surpassed the $1 billion mark in revenue.
Club Corp. is again ranked number four on the list with $754.9 million in 2012 revenue. Town Sports International rounds out the top five on the list with a reported $479 million in 2012 revenue, a 3 percent increase from the previous year.
To read the complete report, go to clubindustry.com/profits/top-100-health-clubs-2013. Purchase the Top 100 Health Clubs report: 2008-2012 in the Club Industry online store at http://clubindustry.com/top-100-health-clubs-report-2008-2012.
About Club Industry
Club Industry is a Penton Media trade publication for top-level executives and managers at commercial, nonprofit, university, corporate, medical, government and military, hotel, residential and member-owned fitness centers. The news and trends publication features a website, e-newsletter, monthly print and digital magazine, as well as a trade show, which will be held Oct. 23-25, 2013 in Chicago. Visit us online at clubindustry.com or clubindustryshow.com.
For millions of business owners and decision-makers, Penton makes the difference every day. We engage our professional users by providing actionable ideas and insights, data and workflow tools, community and networking, both in person and virtually, all with deep relevance to their specific industries. We then activate this engagement by connecting users with tens of thousands of targeted providers of products and services to help drive business growth. Learn more about our company at www.penton.com.
Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
Phone: (212) 204-4351