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Slide #22. Town Sports International — Fitcorp Clubs In Boston
Town Sports International (NASDAQ:CLUB)
Fitcorp Clubs In Boston
Town Sports International (Nasdaq: CLUB), the owner and operator of Boston Sports Clubs, and Fitcorp, the owner of five health and fitness clubs and four managed clubs in the Boston market are pleased to announce that they have entered into an agreement for Town Sports International to acquire assets relating to all of the Fitcorp clubs. The transaction is subject to various closing conditions, and the parties expect the transaction to be completed within the next couple of months.
Town Sports International Holdings is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the U.S. As of Dec 31 2017, Co., through its subsidiaries, operated 165 fitness clubs under brand names; New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. As of Dec 31 2017, Co. also owned and operated three clubs in Switzerland and partly-owned one club that operated under a different brand name in Washington, D.C. Co.'s programs include personal training, Small Group Training, children's programs, and summer camps for kids. Co. also provides ancillary programming for children under its Sports Clubs for Kids brand.
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