Xponential Fitness, a global franchisor of boutique health and wellness brands, has completed the divestiture of Lindora to Next Health Management Group.
“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,” says 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.”
Xponential will work closely with Next Health to help facilitate a seamless transition for Lindora franchisees. Houlihan Lokey served as the company’s financial advisor in connection with the transaction, and McDermott Will & Schulte LLP served as its legal advisor. Baker & Hostetler served as legal advisor to Next Health. The terms of the transaction have not been disclosed.
