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Life Time Launches Complimentary AI Health Companion for Everyone: "Just Ask L•AI•C"
Prnewswire· 2025-07-29 20:15
Core Insights - Life Time has launched L•AI•C, an AI-powered wellness companion that provides personalized workouts, nutrition, and recovery tips, leveraging over 30 years of health and wellness expertise [1][2][4] - The AI wellness market is projected to exceed $30 billion by 2030, indicating significant growth potential for Life Time's innovative offerings [1] - L•AI•C is designed to integrate with users' wearable device data over time, enhancing personalization and differentiating it from other AI tools [4][5] Company Overview - Life Time operates more than 180 athletic country clubs across the U.S. and Canada, focusing on promoting healthy living and aging [10] - The company has a comprehensive app that offers a variety of health and wellness resources, including on-demand classes, meditation sessions, and custom health programs [8][10] - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for its over 49,000 employees [10] Product Features - L•AI•C offers personalized support for workouts, nutrition, and recovery, with features such as guided exercise videos and supplement recommendations from registered dietitians [7][8] - The Life Time app includes access to hundreds of on-demand and livestream classes, meditation sessions, and a wealth of editorial content from Experience Life magazine [8][9] - The app is designed to enhance individual health journeys, providing trusted support and resources tailored to user needs [6][7]
Marine, Mom of Four, Pastry Chef Among Five Winners in Life Time's First-Ever 60XT Wellness Challenge
Prnewswire· 2025-07-21 20:31
Core Insights - Life Time announced the winners of its inaugural 60XT Challenge, an eight-week body transformation program that engaged over 25,000 participants nationwide [1][2] - Each grand prize winner received $10,000 in cash and a prize package valued at $15,000, which includes a four-night stay at Breathless Resorts & Spa and premium wellness gear [3] Participant Transformations - Raiza Costa lost 27 pounds, embraced strength training, and improved her lifestyle through the challenge [4] - Kenneth Crowder lost over 30 pounds, halved his body fat, and gained six pounds of muscle while spending more time with his family [5] - Scarlett Espinoza rebuilt her strength post-injury, losing 14 pounds and gaining six pounds of muscle [6] - Bharon Hoag lost nearly 30 pounds and redefined his mindset towards health [7] - Chaya Sanders lost over 20 pounds and 10% body fat, improving her overall well-being [8] Additional Finalists - Five other finalists received $5,000 in cash and a prize package valued at $5,000 [9] Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, offering a range of health and fitness services [12] - The company provides resources through the Life Time app, including on-demand classes and personalized support [10][11] - Life Time emphasizes a commitment to fostering a positive workplace culture, recently being certified as a Great Place to Work® [12]
Life Time to Report Second Quarter 2025 Financial Results on August 5, 2025
Prnewswire· 2025-07-08 13:00
Core Viewpoint - Life Time Group Holdings, Inc. is set to release its financial results for the second quarter of 2025 on August 5, 2025, before market opening, followed by a conference call to discuss the results and provide a business update [1]. Group 1 - The financial results announcement is scheduled for August 5, 2025, at 10:00 a.m. ET [1][6]. - A live audio webcast of the conference call will be available on the company's investor relations website [2]. - A recorded replay of the conference call will be accessible within approximately three hours after the call concludes [6]. Group 2 - Life Time operates over 180 athletic country clubs across the U.S. and Canada, and offers a comprehensive app and various athletic events [4]. - The company serves a wide demographic, from individuals aged 90 days to over 90 years, focusing on healthy living and aging [4]. - Life Time has been certified as a Great Place to Work®, highlighting its commitment to workplace culture for its over 43,000 team members [4].
Life Time Opens Eighth California Club at Historic Arden Hills Property in Sacramento on June 27
Prnewswire· 2025-06-27 12:05
Core Insights - Life Time has initiated a multi-million dollar renovation of its Arden location in Sacramento, enhancing its health and wellness offerings [1][2] - The renovation aims to elevate the member experience while preserving the legacy of the Arden Hills Athletic & Social Club, which has been operational for nearly 70 years [3][4] Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles for individuals of all ages [8] - The company has recently been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture [8] Renovation Details - The first phase of the renovation includes a 17,000-square-foot workout floor equipped with advanced cardio and resistance training equipment [6] - Additional amenities include a dedicated recovery space, personalized coaching, group training spaces, and a Mind Body studio for fitness classes [6] - The facility features luxurious dressing rooms, an outdoor beach club with multiple pools, and extensive racquet sports facilities [6] Strategic Growth - The renovation of Life Time Arden is part of the company's broader growth strategy, which includes expanding in premier markets through strategic acquisitions [4] - Life Time Arden complements existing locations in Roseville and Folsom, enhancing the company's presence in Northern California [4][7]
Life Time Closes on $150 Million Sale-Leaseback Transaction; Credit Rating Upgraded by S&P
Prnewswire· 2025-06-23 21:26
Core Insights - Life Time Group Holdings, Inc. has completed a sale-leaseback transaction of three properties for approximately $150 million in gross proceeds, with terms similar to previous transactions [1] - S&P Global Ratings upgraded the Company's issuer credit rating to 'BB-' from 'B+' due to strong operating performance, growth in memberships, and reduced leverage [2] - Following the ratings upgrade, Life Time's credit facility margin improved by 25 basis points, resulting in an effective interest rate of 5.659% for the Company's term loan facility [3] Financial Strategy - The Company plans to execute a minimum of $100 million in additional sale-leasebacks over the remainder of 2025, enhancing its ability to advance a robust club pipeline while focusing on capital efficiency and financial health [4] - The recent sale-leaseback transaction and reduced cost of debt are expected to support the Company's financial strategy [4] Company Overview - Life Time operates more than 180 athletic country clubs across the United States and Canada, offering a comprehensive health and wellness ecosystem [4] - The Company serves a diverse demographic, promoting healthy living and aging through various programs and trusted nutritional products [4] - Life Time has been certified as a Great Place to Work®, highlighting its commitment to workplace culture for its over 43,000 team members [4]
Life Time Announces Pricing of Secondary Offering of 20,000,000 Shares of Common Stock
Prnewswire· 2025-06-05 13:13
Core Viewpoint - Life Time Group Holdings, Inc. announced a secondary offering of 20,000,000 shares of its common stock, generating total gross proceeds of $590,000,000 before underwriting discounts and commissions [1][2]. Group 1: Offering Details - The offering is expected to close on June 6, 2025, pending customary closing conditions [2]. - The selling stockholders will receive all proceeds from the offering, while the Company will not receive any proceeds from the sale [2]. - J.P. Morgan and BofA Securities are the underwriters for the offering, which will be made available to the public at a fixed price [3]. Group 2: Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, offering a range of health and wellness services [6]. - The Company serves a diverse demographic, from individuals aged 90 days to over 90 years, through various healthy living and aging programs [6]. - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to workplace culture for its 43,000 team members [6].
Life Time Announces Commencement of Secondary Offering of 20,000,000 Shares of Common Stock
Prnewswire· 2025-06-05 10:30
Core Viewpoint - Life Time Group Holdings, Inc. announced a public offering of 20,000,000 shares of its common stock by certain affiliates of Leonard Green & Partners, L.P. and TPG Inc., with the proceeds going entirely to the Selling Stockholders, while the Company will not receive any funds from this sale [1]. Group 1: Offering Details - The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size and terms of the offering [2]. - J.P. Morgan and BofA Securities are acting as underwriters for the proposed offering [2]. Group 2: Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, providing a range of health and wellness services and products, including nutritional supplements [5]. - The Company serves a diverse demographic, from individuals aged 90 days to over 90 years, through various healthy living and aging programs [5]. - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for its more than 43,000 employees [5].
Unlocking the Secrets to Peak Performance and Longevity: GeeVida Health and Life Time to Host Special Event at UC Irvine on June 14
Prnewswire· 2025-06-04 18:31
Core Insights - The event hosted by GeeVida Health and Life Time focuses on longevity science and holistic health, featuring industry leaders sharing strategies for healthy living and aging [1][2] - GeeVida Health is a concierge telemedicine platform that emphasizes personalized care and health optimization, offering services for various health conditions [3] - Life Time operates a network of athletic country clubs and wellness programs, promoting healthy living and aging through a comprehensive ecosystem [4][5] Group 1: Event Details - The event will take place on June 14, 2025, at the UC Irvine Beall Applied Innovation Center, running from 9:00 a.m. to 5:30 p.m. [1] - Attendees will have networking opportunities with industry specialists and access to exhibitors showcasing performance and longevity innovations [2] Group 2: Key Speakers and Topics - Dr. Kambiz Farbakhsh will discuss the science behind aging well and future human performance [4] - Bahram Akradi will share insights on breakthroughs in longevity [4] - James LaValle will present a blueprint for lifelong health [4] - Other speakers include experts on the mind-body connection, nutritional strategies, and holistic wellness approaches [4] Group 3: Company Profiles - GeeVida Health provides state-of-the-art telemedicine services focused on health optimization and chronic disease management, ensuring personalized care [3] - Life Time operates 180 athletic country clubs and offers a range of wellness programs, recently recognized as a Great Place to Work® [5]
Life Time Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-08 10:45
Core Insights - Life Time Group Holdings, Inc. reported strong financial results for the fiscal first quarter ended March 31, 2025, with total revenue reaching $706.0 million, an increase of 18.3% compared to the prior year quarter [3][6][7] - The company experienced significant growth in net income, which increased by 205.6% to $76.1 million, and adjusted net income rose by 188.9% to $88.1 million [3][6][13] - Life Time's balance sheet remains robust, with a net debt leverage ratio improved to 2.0 times, down from 3.6 times a year earlier, and total available liquidity of $678.2 million [14][6] Financial Performance - Total revenue for the first quarter of 2025 was $706.0 million, up from $596.7 million in the same quarter of 2024, driven by increased membership dues and in-center revenue [3][6][7] - Net income surged to $76.1 million from $24.9 million year-over-year, while adjusted EBITDA increased by 31.2% to $191.6 million [3][6][13] - Average center revenue per center membership rose by 13.3% to $844, reflecting higher member engagement and utilization [3][7] Membership and Engagement - Center memberships increased by 3.0% year-over-year, totaling 826,374 as of March 31, 2025, with total subscriptions, including on-hold memberships, rising by 3.1% to 879,751 [3][7][32] - The company reported higher visits per membership, indicating strong member engagement and satisfaction [7][2] Capital Expenditures and Growth Initiatives - Capital expenditures for the first quarter totaled $142.5 million, a decrease of 9.1% from the previous year, with growth capital expenditures at $93.5 million [10][13] - Life Time opened one new center during the quarter, bringing the total to 180 centers, and plans to remodel three recently acquired properties [13][6] 2025 Outlook - The company raised its full-year 2025 guidance, projecting revenue between $2,940 million and $2,980 million, representing a 12.9% increase from the previous year [15][17] - Adjusted EBITDA is expected to grow significantly, driven primarily by dues revenue growth and expanded operating leverage [17][15]