Lifestyle Family Fitness gym members in Bradenton will soon see a new name at their local workout center — or perhaps see it closed.
Rival LA Fitness will purchase the St. Petesrburg-based Lifestyle Family Fitness, reports fitness trade publication Club Industry, which obtained a letter from Lifestyle's chief executive distributed to employees about the purchase:
“In the months that followed [the exiting of the northern markets], we evaluated our option to remain an independent company or sell to a larger organization,” Lasher wrote in the letter. “We took into consideration what would be in the best [interest] for all three constituents: our team members, members and shareholders. After careful consideration, the Board of Directors has made the decision to sell all of the Lifestyle Family Fitness clubs in Florida to LA Fitness.”
Lifestyle Family Fitness also filed a layoff notice with the state Department of Economic Opportunity that 94 employees will lose their jobs from Aug. 16 and Dec. 31, The Tampa Bay Times reports.
Lifestyle Family Fitness has two locations in Bradenton at and on
Lifestyle and LA Fitness has not released information about the sale as well as the layoffs or potential closures.