Article: Washington D.C. Area's Largest Club, Sport & Health, Returns to Local Ownership; Sport & Health Company Announces Acquisition, New Executive Leadership.

WASHINGTON -- The Sport & Health Company today announced that its 26 full-service health clubs and three full-service day spas have been purchased for $75 million, including assumed liabilities, by a Washington, D.C. real estate group. The announcement, made by Donald Konz, the company's new chief executive officer, returns the clubs, all of which are located in the D.C. Metropolitan area, back into local hands. Konz said the new owners will use their health club, business and real estate experience to help the company's 2,200 associates deliver extraordinary health and fitness programming, facilities and services to its more than 80,000 members.

The acquisition ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!