LA Fitness to acquire Lifestyle Family Fitness clubs in Florida

IHRSA President and CEO Joe Moore just announced that LA Fitness and Lifestyle Family Fitness have entered intio a preliminary agreement for LA Fitness to buy Lifestyle's Florida sites.

Moore's release:

LA Fitness and Lifestyle Family Fitness announced today that they have entered into an agreement for LA Fitness to acquire assets relating to all of the Lifestyle Family Fitness clubs in Florida.  The transaction is subject to various closing conditions.  While the parties are hopeful that the transaction will be completed within the next several weeks, there can be no assurance as to when or whether a closing will occur. Upon closing of the transaction, additional information regarding these clubs will be available on lafitness.com.