Xponential Fitness Divests Lindora to Next Health
Krissy Vann | Host, All Things Fitness and Wellness
Xponential Fitness has finalized the sale of Lindora, its medical weight-loss and wellness brand, to Next Health Management Group, Inc.
The transaction shifts Lindora, a chain that combines weight management and wellness services, into the portfolio of Next Health, which operates as a franchise business focused on longevity and personalized health. Terms of the deal were not disclosed.
Mike Nuzzo, chief executive officer of Xponential Fitness, said the divestiture aligns with the company’s strategic priorities. “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,” Nuzzo said in a statement. “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.”
Next Health founder and CEO Dr. Darshan Shah welcomed the brand into his company’s network. “We are thrilled to welcome Lindora franchisees to our family,” Shah said. He added that Next Health’s existing infrastructure would provide “best in class support and franchisor services” to current and future Lindora locations.
Xponential and Next Health said they will collaborate to ensure a smooth transition for franchisees. Houlihan Lokey, Inc. acted as financial advisor to Xponential, with McDermott Will & Schulte LLP serving as its legal counsel. Baker & Hostetler LLP represented Next Health as legal advisor.
The divestiture comes as Xponential continues to sharpen its focus on its portfolio of boutique fitness brands, which includes Pure Barre, Club Pilates, Rumble, and StretchLab.
