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Article: Washington D.C. Area's Largest Club, Sport & Health, Returns to Local Ownership; Sport & Health Company Announces Acquisition, New Executive Leadership.
- Article from:
- Business Wire
- Article date:
- January 9, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...
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