Actions taken by the company as well as its improved first quarter financials also led S&P Global to upgrade the company’s credit rating from B- to B.

The event also highlighted pending legislation in the state that would cover the cost of fitness memberships for Medi-Cal beneficiaries.

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Entrepreneurs looking to start their own health club or studio can now compare franchising options in the Club Industry Franchise Guide. More franchisors are being added to the guide weekly.