Xponential Fitness, (the “Company” or “Xponential Fitness”), one of the leading global franchisors of boutique health and wellness brands, today announced that it has completed the divestiture of Lindora to Next Health Management Group, Inc. (“Next Health”).
The Lindora divestiture will allow Xponential to focus the Company’s time and capital on our core fitness modalities with the greatest impact to our profitability,” said Mike Nuzzo, CEO of Xponential Fitness. “We are confident that for Lindora franchisees, the transaction represents a compelling opportunity to become a part of one of the leading health optimization organizations in the world.
We are thrilled to welcome Lindora franchisees to our family, said Dr. Darshan Shah, Founder and CEO of Next Health. We believe Next Health, a franchise company with an established medical infrastructure, and a pioneer in longevity and personalized health, will be able to offer Lindora franchisees best in class support and franchisor services. Next Health plans to support both existing and new locations under the Lindora brand.
Xponential will work closely with Next Health to help facilitate a seamless transition for Lindora franchisees. Houlihan Lokey, Inc. acted as the Company’s financial advisor in connection with the transaction, and McDermott Will & Schulte LLP served as the Company’s legal advisor. Baker & Hostetler LLP served as legal advisor to Next Health. Terms of the transaction were not disclosed.
About Xponential Fitness, Inc.
Xponential Fitness, Inc. (NYSE: XPOF) is one of the leading global franchisors of boutique health and wellness brands. Through its mission to deliver the talents, assets, and capabilities necessary for successful franchise growth, the Company operates a diversified platform of five brands spanning modalities including Pilates, barre, stretching, strength training and yoga. In partnership with its franchisees and master franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations throughout the U.S. and internationally, with franchise, master franchise and international expansion agreements in 49 U.S. states, Puerto Rico, and 30 additional countries. Xponential’s portfolio of brands includes Club Pilates, the largest Pilates brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; YogaSix, the largest franchised yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements, and the largest Barre brand in the United States; and BFT, a functional training and strength-based program. For more information, please visit the Company’s website at xponential.com.
