M&A - Life Time Group Holdings, Inc.

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000186919825000025

Filing Summary: For the quarterly period ended March 31, 2025, Life Time Group Holdings, Inc. reported a net income of $76,142,000, a significant increase from $24,917,000 compared to the same period in 2024. Total revenue for the quarter increased to $706,041,000 from $596,717,000, driven primarily by an increase in center revenue which rose to $685,654,000. The company’s financial position strengthened with total assets reaching $7,313,084,000 versus $7,152,537,000 at the end of the previous quarter. Life Time announced the acquisition of existing health club and racquet facilities for $59.7 million, emphasizing their strategy for growth in the health and fitness sector. The financial statements also highlighted increases in cash and cash equivalents to $77,471,000 and a rise in stockholders' equity to $2,734,471,000.