We’re a community of people who believe knowledge is power and relationships are everything. NEW YORK (TheStreet) -- Shares of Life Time Fitness (LTM) - Get Report were gaining 5.2% to $70.67 with heavy trading volume Monday after the gym operator entered into an agreement to be acquired by private equity firms Leonard Green & Partners and TPG. Life Time Inc. Health, Wellness and Fitness Chanhassen, MN 67,162 followers Here for health. The acquisition makes Life Time Fitness an indirect, wholly owned subsidiary of LTF Merger Sub Inc. Other investors include LNK Partners and Life Time Fitness Chairman, President and CEO Baharam Akradi. TheStreet Ratings Team has this to say about their recommendation: "We rate LIFE TIME FITNESS INC (LTM) a BUY. Here for you. As one of two publicly traded gym companies, LTM has experienced solid growth over the last five years and presents the best investment opportunity in the industry. The private equity firms will buy Life Time Fitness for $72.10 a share, or more than $2.8 billion, in a deal that will bring the fitness company private. Fueled by compassion, our collective energy … It has increased from the same quarter the previous year. Life Time Fitness has returned to operation as a private company. Town Sports International is working on a deal with lenders and a private equity firm to buy the company after its Chapter 11 filing on Sept. 14. The company ranked third last year on Club Industry's annual Top 100 Health Clubs list with 2013 revenue of $1.206 billion. 3 Speen Street, Suite 300, Framingham, MA 01701. About 4.3 million shares of Life Time Fitness were traded by 10:15 a.m. Monday, well above the company's average trading volume of about 317,000 shares a day. © 2020 Questex LLC. An investor group led by affiliates of Leonard Green & Partners and TPG completed their previously announced purchase of the Chanhassen, Minnesota-based company on Wednesday. TheStreet Ratings team rates LIFE TIME FITNESS INC as a Buy with a ratings score of B+. All rights reserved. 3 Speen Street, Suite 300, Framingham, MA 01701. © 2020 TheStreet, Inc. All rights reserved. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, expanding profit margins and good cash flow from operations. Compared to its closing price of one year ago, LTM's share price has jumped by 34.88%, exceeding the performance of the broader market during that same time frame. Established with a vision to change lives. Regardless of the strong results of the gross profit margin, the net profit margin of 7.09% trails the industry average. Life Time Fitness ceased trading on the New York Stock Exchange at the close of market Wednesday. The revenue growth came in higher than the industry average of 7.5%. The leisure industry benefits significantly in an improving economy, and LTM is well-positioned to leverage these positive economic tailwinds, with long-term growth potential. Security: LTM / Life Time Fitness Inc (53217R207) Related: 50218KAD0 / Life Time Fitness Inc 2017 Term Loan B - 4.66% 2022-06-10 50218KAB4 / Life Time Inc - 4.87413% 2022-06-10 Action Alerts PLUS is a registered trademark of TheStreet, Inc. The acquisition makes Life Time Fitness an indirect, wholly owned subsidiary of LTF Merger Sub Inc. Its investments include Beringer Wines, Burger King, Chobani, Neiman Marcus, Petco and Savers. Life Time Fitness CEO Bahram Akradi will keep his position in the company following the acquisition.

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