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San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody's. 24 Hour Fitness announced on March 16 it was closing all its clubs, later acknowledging the closures may last for “an extended period of time” due to coronavirus.
Beside this, is 24 Hour Fitness a good gym?
24 Hour Fitness will be a good fit for you if: You want a luxury gym experience: The company's Ultra Sport gyms have incredible amenities. You'll be happiest at these locations, as they are superior to 24 Hour Fitness' other club tiers.
Considering this, who bought out 24 Hour Fitness?
Forstmann Little & Co
1 in the world by revenues, 24 Hour Fitness Worldwide Inc. has signed an agreement with Forstmann Little & Co., a New York private investment firm, to acquire the company for approximately $1.6 billion -- the largest-ever transaction in the health-club industry.