By: Multi-Unit Franchisee | 500 Reads | 1 Shares
Planet Health multi-unit operator Nationwide Health Companions (NFP) is buying 16 Planet Health golf equipment, together with 15 areas within the higher Cleveland and Akron-Canton, Ohio markets and one location in central Pennsylvania.
The brand new deal expands NFP’s portfolio, which now consists of 94 Planet Health golf equipment with unique rights to develop 40 plus extra areas in Pennsylvania, Ohio, Delaware, North Carolina, and South Carolina. NFP is a portfolio firm of Atlanta-based personal funding agency Argonne Capital Group, LLC.
“We stay bullish on the near-term restoration prospects and long-term progress of the Planet Health model, as encouraging membership and utilization developments proceed to level to a profitable emergence from the Covid-19 pandemic,” mentioned Stephen Kindler Jr., president and CEO of Nationwide Health Companions. “This vital funding will increase our attain into vital new markets and strengthen our efforts to make sure extra individuals have entry to low-cost health choices, as we consider common train performs a vital position in enhancing the bodily, psychological and emotional wellbeing of our members.”
This transaction represents the seventh acquisition for NFP, which was based in 2016 in partnership with Argonne to amass 10 Planet Health areas in central Pennsylvania from the Kindler household. The Kindlers have been concerned within the health business since 1967 and legacy Planet Health franchisees since 2005, when the household transformed two gyms in Harrisburg, Pennsylvania to Planet Health.
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