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Article: Staying strong: hospital-affiliated fitness centers post healthy growth, return on investment.(Finance)
- Article from:
- Modern Healthcare
- Article date:
- September 29, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. 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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Hospital-affiliated fitness centers post healthy growth, return on investment
The medical fitness club business continues to bulk up, with overall investment closing in on $1 billion, according to the latest analysis by the Association of Hospital Health and Fitness.
More than $800 million has been spent to date on health clubs affiliated with hospitals or other healthcare providers, based on data in the third edition of the Medical Fitness Centers Directory, published this month. That figure is double the $400 million that had been invested when the Evanston, Ill.-based association published its second edition in 1994.
"We are seeing pretty ...