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Les Mills International
Les Mills International
Les Mills International
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Medicover buys Fitness World clubs in Poland out of administration

Polish medical insurance outfit, Medicover, has rescued Polish operator, Fitness World, out of administration.

The 15-club gym chain was placed into bankruptcy by previous owner, Pure Gym, on 17 November.

Medicover also owns OK Systems, a fitness aggregator in the Polish market, where aggregators hold sway over large parts of the sector.

OK Systems is currently second in the Polish aggregator market in terms of market share to Benefits Systems, with health insurance specialist, PZU, rumoured to be planning to enter the market in early 2021.

This will be the first time Medicare has directly invested in a facility operator – the company had issued a statement indicating its intention to get into the health and fitness market in 2019.

The purchase of Fitness World by Pure Gym was announced on 12 December 2019, with the £350m deal being finalised early in 2020 before the pandemic hit Europe.

At the time, Steen Albrechtslund, CEO of Fitness World, said: “PureGym's decision to invest in Fitness World is testament to the business we have built, which is the overwhelming market leader in Denmark and a growing player in Switzerland and Poland. The transaction is expected to be completed in early 2020 subject to standard completion conditions."

Fitness World also continues to trade as part of the Pure Gym group in Denmark and Switzerland, with Cobbold previously saying these operations helped the company significantly during lockdown by contributing incomes at a time when the UK clubs were closed.

The Polish portfolio was originally brought into the Fitness World chain in 2015 with backing from FSM Capital, when the Danish operator bought Polish gym chain Condizione.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Polish medical insurance outfit, Medicover, has acquired the assets of gym operator, Fitness World out of administration.
HAF,FIT,IND,PTS
2020/THUMB346851_365718_882651.jpg
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Click on a catalogue to view it online
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Diary dates
01-03 Feb 2022
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Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
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15-16 Jun 2022
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Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

Medicover buys Fitness World clubs in Poland out of administration

Polish medical insurance outfit, Medicover, has rescued Polish operator, Fitness World, out of administration.

The 15-club gym chain was placed into bankruptcy by previous owner, Pure Gym, on 17 November.

Medicover also owns OK Systems, a fitness aggregator in the Polish market, where aggregators hold sway over large parts of the sector.

OK Systems is currently second in the Polish aggregator market in terms of market share to Benefits Systems, with health insurance specialist, PZU, rumoured to be planning to enter the market in early 2021.

This will be the first time Medicare has directly invested in a facility operator – the company had issued a statement indicating its intention to get into the health and fitness market in 2019.

The purchase of Fitness World by Pure Gym was announced on 12 December 2019, with the £350m deal being finalised early in 2020 before the pandemic hit Europe.

At the time, Steen Albrechtslund, CEO of Fitness World, said: “PureGym's decision to invest in Fitness World is testament to the business we have built, which is the overwhelming market leader in Denmark and a growing player in Switzerland and Poland. The transaction is expected to be completed in early 2020 subject to standard completion conditions."

Fitness World also continues to trade as part of the Pure Gym group in Denmark and Switzerland, with Cobbold previously saying these operations helped the company significantly during lockdown by contributing incomes at a time when the UK clubs were closed.

The Polish portfolio was originally brought into the Fitness World chain in 2015 with backing from FSM Capital, when the Danish operator bought Polish gym chain Condizione.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Polish medical insurance outfit, Medicover, has acquired the assets of gym operator, Fitness World out of administration.
HAF,FIT,IND,PTS
2020/THUMB346851_365718_882651.jpg

News

UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50
Fitness First UK has changed its pricing structure and is now offering a flexible membership
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Innovatise UK Ltd
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HCM Magazine
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Gyms have a role to play in collaborating with the social prescribing movement to improve the nation’s health, the CEO of the UK’s National Academy of Social Prescribing tells Kate Cracknell
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Featured supplier news: Humanising the member app experience
FunXtion has upgraded its White Label Member App with a raft of new features to support its partners in scaling up and keeping up with rising member expectations.
Featured supplier news
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The best in class of the physical activity sector have been revealed at the ukactive Awards 2021.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
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Featured operator news
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A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
Company profiles
Company profile: EMD UK
EMD UK is the national governing body for group exercise. Funded by Sport England, EMD ...
Company profiles
Company profile: Orbit4
Orbit4 is the umbrella brand for FitnessCompared, FitnessFinance, WeServiceGymEquipment and WeBuyGymEquipment....
Catalogue Gallery
Click on a catalogue to view it online
Directory
Fitness equipment
Precor: Fitness equipment
Salt therapy products
Himalayan Source: Salt therapy products
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Red Light Therapy
 Red Light Rising: Red Light Therapy
Skincare
Comfort Zone - Davines S.p.A: Skincare
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Uniforms
Service Sport: Uniforms
Exercise equipment
Power Plate: Exercise equipment
Wearable technology solutions
MyZone: Wearable technology solutions
Management software
Premier Software Solutions: Management software
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
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Newport, Shropshire
Lilleshall Sports Academy
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Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
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Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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Les Mills International
Les Mills International