Life Time Announces Share Repurchase of Common Stock
Rhea-AI Summary
Life Time (NYSE: LTH) agreed to repurchase 2,192,500 shares at $28.60 per share for an aggregate $62,705,500 in a private transaction funded with cash on hand under the board-approved repurchase program.
Separately, Selling Stockholders will sell 8,770,000 shares to an affiliate of Atairos at $28.60 per share (aggregate $250,822,000), with the Investor Purchase expected to settle in two tranches subject to customary closing conditions including HSR clearance. Post-closings, Leonard Green, TPG and Partners Group are estimated to hold ~8.5%, 6.1% and 1.3% of common stock (based on 222,602,738 shares outstanding as of May 1, 2026).
Positive
- Share repurchase of 2,192,500 shares for $62,705,500
- Repurchase funded with cash on hand under board program
- Investor purchase commits $250,822,000 from Atairos affiliate
Negative
- Selling Stockholders sold a total of 10,962,500 shares
- Investor Purchase settlement subject to Hart‑Scott‑Rodino waiting period
Key Figures
Market Reality Check
Peers on Argus
LTH is up 11.8% while key peers show mixed, smaller moves (e.g., PLNT +1.47%, YETI +3.58%, MAT -0.94%). With no peers in the momentum scanner and no same-day peer headlines, the move appears stock-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 04 | Club opening | Positive | -1.5% | Opening of Life Time Ocotillo athletic country club in Gilbert, Arizona. |
| Apr 30 | Club opening | Positive | +2.2% | Launch of Life Time Paradise Valley luxury athletic country club in Phoenix. |
| Apr 30 | Sale‑leaseback deal | Positive | +2.2% | Closed sale‑leasebacks on five properties, generating about $200M in proceeds. |
| Apr 29 | Brand partnership | Positive | -0.2% | LT Pro 48 named official ball of Major League Pickleball 2026 season. |
| Apr 28 | ESG initiative | Positive | +0.5% | Life Time Foundation highlighted >$3M in environmental grants since late 2023. |
Recent news on expansion, sale-leasebacks, and branding has produced modest, mixed price reactions, with both aligned and divergent moves relative to generally positive operational updates.
Over the last week, Life Time announced several growth and branding milestones. New clubs opened in Paradise Valley on Apr 30 and Ocotillo on May 4, expanding its Arizona footprint. A $200M sale‑leaseback on five properties also closed, with more expected in 2026. Branding news included LT Pro 48 becoming Major League Pickleball’s official ball and sustainability initiatives through the Life Time Foundation. Against this backdrop, today’s buyback fits into a broader period of expansion and capital-recycling activity.
Market Pulse Summary
This announcement outlines a targeted repurchase of 2,192,500 shares and a larger secondary sale of 8,770,000 shares to an Atairos affiliate, reshaping Life Time’s shareholder base without issuing new stock. It follows recent earnings showing higher revenue and a board‑approved $500M buyback program. Investors may track future capital allocation, ongoing club expansion, and any additional use of the repurchase authorization as key indicators.
Key Terms
common stock financial
private transaction financial
AI-generated analysis. Not financial advice.
In addition to the Share Repurchase, the Selling Stockholders informed the Company that they have agreed to sell 8,770,000 shares of the Company's common stock at a price of
Following the closings of the Share Repurchase and the Investor Purchase, funds associated with Leonard Green & Partners, L.P., funds associated with TPG Inc. and funds associated with Partners Group (
The Company intends to fund the Share Repurchase with cash on hand. The Share Repurchase is being conducted pursuant to the Company's stock repurchase program approved by its board of directors in February 2026.
About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 190 athletic country clubs across the
About Atairos
Atairos is an independent strategic investment company focused on supporting growth-oriented businesses across a wide range of industries. Atairos provides a unique combination of active strategic partnership and patient long-term capital to high-potential companies and their management teams. Atairos was launched in 2016 and has over
Cautionary Statement Concerning Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of federal securities regulations. Forward-looking statements in this press release include, but are not limited to, statements relating to the consummation of the Investor Purchase. These statements are based on the beliefs and assumptions of the Company's management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning the Company's possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
Factors that could cause actual results to differ materially from those forward-looking statements included in this press release include the factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 24, 2026 (File No. 001-40887), as such factors may be updated from time to time in the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not have any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Life Time Group Holdings, Inc.