CAMP HILL, Pa., Oct. 13, 2021 (GLOBE NEWSWIRE) — Right this moment, Nationwide Health Companions (NFP), a portfolio firm of Argonne Capital Group, LLC (Argonne), the Atlanta-based non-public funding agency, publicizes a significant achievement as the corporate prepares to have fun its 100th Planet Health membership opening this November and its latest acquisition of seven new membership places, increasing the group’s footprint alongside the East Coast.
NFP’s 100th Planet Health membership might be situated at 3317 Aramingo Ave., in Philadelphia’s densely populated Aramingo borough. The brand new 20,600 sq. foot facility will function 106 items of cardio and energy coaching gear, a 360 machine, three HydroMassage beds and 6 tanning beds providing hybrid tanning. Like all Planet Health places – recognized for its Judgement Free Zone® and inexpensive costs – the Aramingo Ave. membership will embody free health coaching, pleasant employees and clear, spacious exercise areas. The power might be open and staffed 24 hours a day, seven days every week as soon as it opens mid-November. These considering changing into a member can be a part of now for simply $1 down after which $10 a month with no dedication by Nov. 16, 2021.
NFP additionally introduced immediately the acquisition of seven Planet Health golf equipment, increasing its rising portfolio into Maryland, Washington D.C., Virginia, and West Virginia.
“This transaction represents the eighth acquisition for NFP, which now operates 107 Planet Health golf equipment in eight completely different states, together with Pennsylvania, Ohio, Delaware, Maryland, Virginia, West Virginia, North Carolina and South Carolina,” mentioned Stephen Kindler Jr., president and CEO of Nationwide Health Companions. “We stay assured with the long-term progress of the Planet Health model, as encouraging membership and utilization traits proceed to level to a profitable re-emergence from the COVID-19 pandemic. This vital acquisition suits completely into our long-term strategic plan by increasing our attain into vital new markets and strengthening our efforts to make sure extra folks have entry to inexpensive health choices, as we imagine common train performs a vital function in enhancing the bodily, psychological and emotional well-being of our members.”
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About Nationwide Health Companions
Nationwide Health Companions is a personal fairness held Planet Health franchisee based mostly in Camp Hill, Pa. Nationwide Health Companions owns and operates 107 Planet Health places in Pennsylvania, Ohio, Delaware, Maryland, Virginia, West Virginia, North Carolina and South Carolina. Nationwide Health Companions is likely one of the largest franchisee organizations throughout the Planet Health system and has unique rights to develop 37 places over the following 5 years. Nationwide Health Companions is backed by Argonne Capital, a personal fairness agency based mostly in Atlanta, which focuses on franchise based mostly middle-market investments.
About Planet Health
Based in 1992 in Dover, NH, Planet Health is likely one of the largest and fastest-growing franchisors and operators of health facilities in the US by variety of members and places. As of June 30, 2021, Planet Health had greater than 14.8 million members and a couple of,170 shops in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia. The Firm’s mission is to boost folks’s lives by offering a high-quality health expertise in a welcoming, non-intimidating surroundings, which we name the Judgement Free Zone®️. Greater than 95% of Planet Health shops are owned and operated by unbiased businessmen and ladies.