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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Investors, led by Tacit Capital, are working to buy Town Sports International out of Chapter 11

Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.

On 14 September, Town Sports became the latest US fitness operator to file for bankruptcy protection, following Gold’s Gym International (in May) and 24 Hour Fitness (June).

The company is looking to sell itself out of bankruptcy by securing a deal with a group of lenders, led by Tacit Capital, to provide the finance needed to keep its clubs open.

Town Sports said it intends to use the Chapter 11 process to restructure its debts and to position the company for "long-term success".

"We are not going out of business," a spokesperson said.

"Restructuring is the best way to properly respond to the COVID-19 pandemic, with the long-term goal being to emerge as a thriving powerhouse in the fitness industry.

"The goal is to emerge from Chapter 11 as an even stronger company, better positioned to serve members into the future."

The company will continue to operate its facilities and plans to continue to reopen clubs in a phased approach in regions where lockdowns are being eased.

Town Sports operates the New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, Total Woman and Around the Clock Fitness brands.

In January, Town Sports announced plans to acquire the studio business of indoor cycling specialist Flywheel Sports – a deal which subsequently fell through due to the pandemic.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.
HAF,FIT,IND,PTS
2020/THUMB346268_708491_205780.jpg
Latest News
Mid Ulster District Council (MUDC) in Northern Ireland has won a landmark VAT case, which ...
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Rod Hill, former president of TRIB3 and director general of Anytime Fitness Iberia, has signed ...
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Features
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Symptoms of depression were reduced by 55 per cent in the aerobic exercise group – people with better reward processing when the study began were more likely to respond to exercise treatment
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feature
The owner of Nisus Fitness in County Kerry, Joe O'Connor explains how MZ-Remote helped grow memberships during the pandemic and transform Nisus into a hybrid boutique
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Editor's letter
Our sector is still misunderstood by those in power. It’s time to accelerate the fight to change this by creating a new vocabulary to define what we do, why it matters and how we can contribute
Features
feature
Active IQ optimised lockdown to create new opportunities for students and stakeholders
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Deloitte has produced a report in partnership with EuropeActive, analysing the impact of COVID-19 on the European health and fitness market, as Karsten Hollasch reports
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Talking Point
Bristol University has commited to embracing body positivity, creating more inclusive physical activity environments, rejecting diet culture and raising awareness of eating disorders across its sports and fitness provision. Should the rest of the fitness sector follow suit? Kath Hudson reports
Features
feature
Hussle is offering operators the opportunity to take part in a pilot for its new MAP service to enable them to secure new members without upfront costs. Hussle’s Jamie Owens tells us more about the insights that drove this initiative
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People
The reopening of the industry, encouraging confidence in consumers and maintaining business is a collective responsibility
People
Our facility isn’t for everyone. In daring to be different, we’re attracting people willing to commit to a fresh way of approaching health and fitness
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HCM people

Keith Burnet

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I wanted to do something to inspire others and encourage them to believe that no matter what age you are, anything is possible
Opinion
promotion
In a post-Covid world, member experience is more important than ever before. Your customers’ expectations have been heightened as the coronavirus continues to dominate our everyday lives.
Opinion: Why member experience is more important now than ever before
Opinion
promotion
Our world has changed since March and together, we are learning and adapting to how this sector can continue to thrive in this COVID conscious world.
Opinion: Why fitness clubs and facilities need to evolve in a COVID-conscious world
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Click on a catalogue to view it online
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Property & Tenders
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Property & Tenders
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03-06 Nov 2020
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12 Nov 2020
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08-09 Dec 2020
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03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

Investors, led by Tacit Capital, are working to buy Town Sports International out of Chapter 11

Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.

On 14 September, Town Sports became the latest US fitness operator to file for bankruptcy protection, following Gold’s Gym International (in May) and 24 Hour Fitness (June).

The company is looking to sell itself out of bankruptcy by securing a deal with a group of lenders, led by Tacit Capital, to provide the finance needed to keep its clubs open.

Town Sports said it intends to use the Chapter 11 process to restructure its debts and to position the company for "long-term success".

"We are not going out of business," a spokesperson said.

"Restructuring is the best way to properly respond to the COVID-19 pandemic, with the long-term goal being to emerge as a thriving powerhouse in the fitness industry.

"The goal is to emerge from Chapter 11 as an even stronger company, better positioned to serve members into the future."

The company will continue to operate its facilities and plans to continue to reopen clubs in a phased approach in regions where lockdowns are being eased.

Town Sports operates the New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, Total Woman and Around the Clock Fitness brands.

In January, Town Sports announced plans to acquire the studio business of indoor cycling specialist Flywheel Sports – a deal which subsequently fell through due to the pandemic.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.
HAF,FIT,IND,PTS
2020/THUMB346268_708491_205780.jpg

News

Mid Ulster District Council (MUDC) in Northern Ireland has won a landmark VAT case, which
The government has pledged to invest £100m in supporting public leisure centres this winter, as
Gyms in Liverpool,UK, have been given the go-ahead to reopen, following a dramatic week of
Be Military Fit (BMF) has completed a restructuring project, designed to transform the outdoor fitness
Rod Hill, former president of TRIB3 and director general of Anytime Fitness Iberia, has signed
Persistent and rising levels of lifestyle disease across the world have exacerbated the effects of
MyZone Group Ltd
MyZone Group Ltd
Join the second Annual Fitness & Active Brands Summit and walk away with the expertise
Customer experience software provider, AskNicely, has announced it will host a new virtual event called
In breaking news, HCM understands the UK government has removed gyms and fitness facilities from
Globally, gyms have, on average, seen nearly 70 per cent of their pre-lockdown members return
A UK government U-turn – just announced – will see gyms and leisure centres staying open
"Dozens" of gyms in Liverpool, UK, have defied the government and stayed open for business
The UK government is likely to face legal challenges from gym operators following the revelation
Miha Bodytec GmbH
Miha Bodytec GmbH
Matrix Fitness, the commercial brand of Johnson Health Tech, has announced the renewal of its
Gym and health club operators with sites in Liverpool, UK, have been left "astounded" at
Technogym's Let’s Move For a Better World campaign is back this year, with a new
The UK government should encourage people to spend more time in regulated environments to curb
FreeMotion Fitness
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Features
feature
Symptoms of depression were reduced by 55 per cent in the aerobic exercise group – people with better reward processing when the study began were more likely to respond to exercise treatment
Features
feature
The owner of Nisus Fitness in County Kerry, Joe O'Connor explains how MZ-Remote helped grow memberships during the pandemic and transform Nisus into a hybrid boutique
Features
Editor's letter
Our sector is still misunderstood by those in power. It’s time to accelerate the fight to change this by creating a new vocabulary to define what we do, why it matters and how we can contribute
Features
feature
Active IQ optimised lockdown to create new opportunities for students and stakeholders
Features
feature
Deloitte has produced a report in partnership with EuropeActive, analysing the impact of COVID-19 on the European health and fitness market, as Karsten Hollasch reports
Features
Talking Point
Bristol University has commited to embracing body positivity, creating more inclusive physical activity environments, rejecting diet culture and raising awareness of eating disorders across its sports and fitness provision. Should the rest of the fitness sector follow suit? Kath Hudson reports
Features
feature
Hussle is offering operators the opportunity to take part in a pilot for its new MAP service to enable them to secure new members without upfront costs. Hussle’s Jamie Owens tells us more about the insights that drove this initiative
Features
People
The reopening of the industry, encouraging confidence in consumers and maintaining business is a collective responsibility
People
Our facility isn’t for everyone. In daring to be different, we’re attracting people willing to commit to a fresh way of approaching health and fitness
People
HCM people

Keith Burnet

CEO global markets, Les Mills
I wanted to do something to inspire others and encourage them to believe that no matter what age you are, anything is possible
People
If I look forward five years, I’d want us to be somewhere around the 1,000-site mark – the ‘premier league’ benchmark
People
As a society, we all need to make a conscious effort to be more active and our industry is in the best position to help people do that
People
HCM people

Dr Darshan Shah

Next Health: co-founder
Our vision is that health is not the absence of disease but the abundance of vitality
People
People in Club V trust me and I want to do the best for them and help them progress
People
Overall, it’s about creating something a little less efficient, a little more fun. Somewhere you can lose yourself for a couple of hours
People
HCM people

Luca Maggiora

Co-founder, House of Wisdom
People think making a change is easy and fast, but that isn’t true. It’s hard and it takes time
People
Opinion
promotion
In a post-Covid world, member experience is more important than ever before. Your customers’ expectations have been heightened as the coronavirus continues to dominate our everyday lives.
Opinion: Why member experience is more important now than ever before
Opinion
promotion
Our world has changed since March and together, we are learning and adapting to how this sector can continue to thrive in this COVID conscious world.
Opinion: Why fitness clubs and facilities need to evolve in a COVID-conscious world
Featured supplier news
Featured supplier: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Featured supplier news
Featured supplier: Power Plate kicks off campaign to support fitness industry deliver health and wellness in one solution
Power Plate, the global leader in whole-body vibration training equipment, is encouraging its community to stay fighting fit this winter with a campaign intended to encourage comfort and confidence, as well as boosting health and wellness.
Video Gallery
Freemotion CoachBike™
FreeMotion Fitness
Give your members the immersive cycling experience that keeps your members engaged – today and tomorrow. Read more
More videos:
Company profiles
Company profile: Focus Training
Focus Training is a leading provider of Active IQ and YMCA Awards certified Personal Trainer ...
Company profiles
Company profile: BLK BOX
The BLK BOX product range is built for athletes by athletes, includes modular storage systems, ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Software
Volution.fit: Software
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Exercise equipment
Matrix Fitness: Exercise equipment
Red Light Therapy
 Red Light Rising: Red Light Therapy
Fitness Software
FunXtion International BV: Fitness Software
Management software
fibodo Limited: Management software
Skincare
Sothys: Skincare
Spa software
SpaBooker: Spa software
Wearable technology solutions
MyZone: Wearable technology solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
03-06 Nov 2020
Online,
Diary dates
12 Nov 2020
Virtual, United States
Diary dates
17 Nov 2020
Loughborough University, Loughborough, United Kingdom
Diary dates
27-28 Nov 2020
Athena, Leicester, United Kingdom
Diary dates
03-03 Dec 2020
Virtual,
Diary dates
08-09 Dec 2020
Raffles City Convention Centre, Singapore, Singapore
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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Kisaco Research
Kisaco Research