HealthFitness: Acquisition Of Corporate Fitness Works

Posted by author November 6, 2024 Fitness

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HealthFitness (a Trustmark company and comprehensive provider of fitness, wellness, and injury prevention programs) announced it has acquired Corporate Fitness Works from co-owners Beth and Michael Vivio, a leader in delivering custom onsite and virtual fitness management solutions.

Corporate Fitness Works (CFW) manages 70 corporate fitness centers across 23 states and it offers a wide variety of in-person and virtual services. Following the deal, HealthFitness will serve over 200 clients at more than 360 sites nationwide.

The purchase of Corporate Fitness Works follows two previous acquisitions by HealthFitness: the 2021 acquisition of Midtown Health and the addition of Professional Fitness Management (ProFIT) earlier this year.

KEY QUOTES:

“We have admired and respected Corporate Fitness Works as a strong competitor for many years. This brings together two industry leaders with strong capabilities, a wealth of experience and talent, and a shared commitment to offer innovative solutions to clients and build community and connection among members.”

“I’m pleased to welcome our newest associates from Corporate Fitness Works. In addition, CFW clients can expect a seamless transition, with continued support from people they know and trust, now backed by the additional resources of HealthFitness.”

HealthFitness President Sean McManamy

“In HealthFitness, we continue to execute our strategy to grow both organically and inorganically,” he said. “This is a great fit, from both cultural and business perspectives. We’re very excited about the broader range of services we’ll bring to the market through this combination.”

Trustmark CEO Kevin Slawin

, “We are pleased to have CFW join HealthFitness. CFW has roots dating back over 36 years, and the combination of CFW and HealthFitness ensures a bright future for what we’ve helped build, one that aligns with our mission to serve the unique needs of working populations.”

“Our choice to sell Corporate Fitness Works to HealthFitness is a direct result of the company culture and reputation they enjoy. Our employees will be in good hands.”