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LA Fitness nearly completes deal for Lifestyle Family Fitness, still haggling over Hyde Park location

LA Fitness announced Monday that it had nearly completed its acquisition of Lifestyle Family Fitness, officially taking over 32 of the fitness club's 33 locations in Florida.

The two companies were still haggling over the terms related to the final Lifestyle location, a Hyde Park club at 1510 W Swann Ave., in Tampa. That location remained open on Monday under the Lifestyle name.

Neither company — Lifestyle, based in St. Petersburg, nor LA Fitness, with headquarters in Irvine, Calif. — have made public statements about the takeover since the deal was announced by a trade publication last month. Monday's developments were announced on the International Health, Racquet and Sportsclub Association's website.

The deal means the end of the Lifestyle brand, which started locally in Lakeland in 1982. The Lifestyle website was redirected Monday to the LA Fitness site.

Terms, including the purchase price, have not been disclosed. LA Fitness has not announced if any of the 14 Lifestyle locations in Tampa Bay face closure. But a potential complication for the Lifestyle in Hyde Park is that LA Fitness is building a South Tampa gym 2½ miles away, at 301 S Dale Mabry Highway.

So far the only Lifestyle shuttered in the deal is a Naples gym that will close Monday.

LA Fitness also hasn't announced if it will continue to offer Lifestyle's popular Les Mills exercise classes. But LA Fitness sent an email to Lifestyle members on Monday saying their memberships will be honored.

LA Fitness nearly completes deal for Lifestyle Family Fitness, still haggling over Hyde Park location 07/02/12 [Last modified: Monday, July 2, 2012 10:23pm]
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