Bailey’s Health & Fitness, a well-known gym in Jacksonville, Florida, has been sold to a San Diego-based health club chain co-owned by the owner of the Los Angeles Lakers, Jeanie Buss. The acquisition price, as well as the terms of the deal, were not publicly disclosed. The new owners, Equinox Group, announced that the gym will undergo renovations, and will be called Equinox San Marco. This is the first Equinox location in Florida.
Bailey’s Health & Fitness has been in business for over 30 years, and has a solid reputation in the fitness industry. The gym has state-of-the-art equipment, personal training, group fitness classes, and more. Equinox, on the other hand, is a high-end fitness club with amenities such as steam rooms, saunas, and juice bars, and is known for its luxury experience. The acquisition of Bailey’s Health & Fitness by Equinox is expected to bring in more members and create more job opportunities.
This acquisition is a smart move for Equinox because it allows them to expand their reach and tap into the Florida fitness market. It also shows that established gyms with a solid reputation, like Bailey’s Health & Fitness, are attractive to large fitness chains looking for growth opportunities. This news highlights the competitive nature of the fitness industry and how companies are adapting to changing customer needs and preferences. Ultimately, this acquisition gives Floridians another choice when it comes to their fitness needs, and that’s not a bad thing.
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