UK Health Club Review 2006

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This year has seen frenetic activity in the UK health club market with several large chains seeing a change in ownership. Here is a summary of the big deals:

• London & Regional Properties acquire the 15 Next Generation clubs for £198 million (€294 million euros).

• Bannatyne Fitness snaps up the 24 stand-alone Livingwell clubs for a figure in the region of £90 million (€133 million euros).
• Virgin Active acquires the 47 UK-based Holmes Place clubs for an undisclosed sum, but believed to be up to £175 million (€260 million euros)
• Simon Habali acquires the 54 Esporta clubs for a sum in the region of £475m (€705 million euros) or £8.9 million per club (€13 million euros).

…and finally in late December, Next Generation acquires the Amida spa and health clubs for an undisclosed sum.

Please let me know if I have missed any!

insight from Ray Algar