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« LIW 2012: Day 3 | Main | LIW is busy and productive »
Wednesday
Sep192012

World Health Club's Edmonton clubs acquired

The following is a press release from Franvest Capital Partners, Inc.

Franvest Capital Partners portfolio company Edmonton Fitness Holdings Inc. (the “Company”) announced today (Wednesday) that it, along with a group of Edmonton based co-investors, has acquired the Edmonton assets of World Health Club Inc. (“World Health”). The investment includes 10 fitness clubs in the city of Edmonton and one under construction in Sherwood Park. The terms of the transaction were not disclosed. 

As a result of the transaction, Edmonton Fitness Holdings operates 10 fitness clubs under the World Health brand name. The Company provides health club services to approximately 35,000 members in Edmonton offering fitness memberships and other ancillary services including personal training and group fitness classes. The member value proposition is based on three key competitive drivers:  value, convenience and loyalty.  IFH will continue to operate the remaining World Health locations in Calgary.

David Hardy, President of Franvest stated “we are excited about the opportunity to acquire the World Health business in Edmonton. Edmonton is a unique market that rewards companies who bring a high corporate standard and sense of community to the city. We believe that by returning ownership and management to a group of Edmonton based individuals, we can leverage our community connections and local presence to benefit both the citizens of Edmonton and the business.”

Reader Comments (1)

Too little, too late. GoodLife is finally here. Best of luck with that Sherwood Park club. GoodLife is THE club in Sherwood Park. I'll never leave
October 24, 2012 | Unregistered CommenterDave Wilks

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