Acquisitions abounded on the club, studio and vendor side in 2022.
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December 22, 2022

Editor’s note: The Club Industry staff will be enjoying the holidays next week, which means Newsbeat will return Jan. 3, 2023. Happy holidays!

News

2022: A Year of Acquisitions, Investment in the Fitness Industry

Several notable acquisitions and investments occurred in 2022 in health clubs, studios and the vendor community, perhaps signaling improved financials in 2023 for the industry.

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Jarrod Saracco Out as COO of World Gym 

Jarrod Saracco, who led the introduction of two new models for World Gym, was let go on Dec. 20 in a move that came as a surprise to him, he told Club Industry.

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Crunch Fitness ‘Refranchises’ Six Sacramento-Area Clubs

The purchaser, JEM Wellness Brands, has committed to open 75 new Crunch locations by 2032.

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From Club Industry

2023: Trends Moving the Health and Wellness Industry into a Brighter Future

Club Industry called upon a range of industry leaders to gauge what they think the trends to watch will be in 2023. Download this free report to read the thoughts of leaders such as Karl Sanft, CEO of 24 Hour Fitness; Adam Sedlack, COO of UFC Gyms; Ben Midgley, CEO of Crunch Franchising; Lindsay Vastola, founder of Vast Potential; Sandy Wiedmeyer, operations superintendent at RecPlex; Ronn McMahon, president CEO of Greater Wichita (Kansas) YMCA, and more.

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U.S. Health Club Financial Review: 2019-2021

Before the fitness industry looks at how it performed in 2022, Club Industry gathered data on how the industry performed during the heart of the COVID-19 pandemic and all its restrictions from 2019-2021. Companies such as Life Time, LA Fitness, Planet Fitness, Xponential Fitness, the Bay Clubs, Orangetheory Fitness and others are included.

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