This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Town Sports International (TSI) Adds Fitcorp Private Fitness Division





NEW YORK, June 26, 2013 /PRNewswire/ -- Town Sports International (TSI), the owner and operator of New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs, today announced the launch of its new Fitcorp Private Fitness Division designed to manage private fitness centers for both large and small companies. 

The announcement comes on the heels of TSI's May 2013 acquisition of Boston-based Fitcorp, which, for more than forty years, has managed private fitness centers for companies such as Fidelity Investments, Biogen Idec, Gillette, Raytheon, Boston Scientific, PTC and Bingham McCutchen. This partnership allows the successful Fitcorp wellness model to expand beyond the Boston area and into New York, Washington and Philadelphia. Gary Klencheski, the former Founder and CEO of Fitcorp, will be the President of the Fitcorp Private Fitness Center Division. 

"We are very excited about the addition of the Fitcorp Private Fitness Division to TSI and the nearly four decades of experience they have designing, developing and managing corporate fitness centers," said Bob Giardina, CEO of Town Sports International.  "Additionally, all of the Fitcorp Private Fitness Division gym members and their families can now use our 159 clubs, which creates a very attractive product for consumers."

"Our fitness and wellness programs have a positive impact on a company's bottom line," said Klencheski.  "Employees that improve their fitness have lower healthcare costs, better productivity, fewer medical claims and reduced absenteeism.  The result is a win/win for both the employee's personal health and the company's financial health."

"Corporations are discovering the benefits of developing private fitness centers," added Bob Giardina. "What was once seen as a luxury, or an executive perk, has become a necessary component for forward-thinking organizations."

About Town Sports International Holdings, Inc.:  New York-based Town Sports International Holdings, Inc. (NASDAQ: CLUB) is a leading owner and operator of fitness clubs in the Northeast and mid-Atlantic regions of the United States and, through its subsidiaries, operated 159 fitness clubs as of March 31, 2013, comprising 108 New York Sports Clubs, 25 Boston Sports Clubs, 17 Washington Sports Clubs (two of which are partly-owned), six Philadelphia Sports Clubs, and three clubs located in Switzerland. These clubs collectively served approximately 512,000 members. For more information on TSI, visit mysportsclubs.com.

SOURCE Town Sports International

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,937.13 -48.48 -0.29%
S&P 500 1,972.83 +9.12 0.46%
NASDAQ 4,419.0340 +27.5710 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs