IRVINE, Ca/CHICAGO, Il – Fitness International, LLC, an affiliate of L.A. Fitness International, LLC, today announced that it has agreed to acquire assets relating to 171 Bally Total Fitness clubs. The transaction is subject to various closing conditions. While the parties expect the transaction to be completed on November 30, 2011, there can be no assurance as to when, or whether, the transaction will be completed.
Chicago, Illinois-based Bally Total Fitness and its subsidiaries currently owns and operates 271 fitness clubs across the United States. The acquisition relates to all of the Bally locations in the states of Arizona, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Minnesota, Oregon, Pennsylvania, and Washington, the District of Columbia, all of the locations in the greater Los Angeles area and certain locations in, New Jersey (Deptford, East Brunswick, Echelon, Maple Shade and Union City), New York (Copiague, Lake Grove and Levittown), Texas (Meadow Creek and Red Bird) and Virginia (Falls Church, Landmark, Pentagon Square, and Prince William Crossing). The remaining Bally owned clubs will continue to be operated by Bally under the Bally name.
Upon closing of the transaction, additional information regarding these clubs will be available on www.lafitness.com.