Life Time Expands Running Portfolio with Acquisition of the Phoenix 10K

Life Time (NYSE: LTH) has acquired the Phoenix 10K, a legacy Arizona road race founded in 1976 now entering its 51st year.

Rhea-AI Summary

Life Time (NYSE: LTH) has acquired the Phoenix 10K, a legacy Arizona road race founded in 1976 now entering its 51st year. Dr. Art Mollen will remain involved as founder and ambassador. The 2026 Life Time Phoenix 10K is set for November 8, 2026 with start/finish in Biltmore and will continue the Mollen Mile for Kids.

Life Time adds the event to its portfolio of 30 athletic events and cites local scale with 9 athletic country club destinations in greater Phoenix; registration at phoenix10k.com.

Positive

• Acquisition adds Phoenix 10K to Life Time's portfolio of 30 events
• Dr. Art Mollen to remain founder and ambassador after transition
• 2026 race date: November 8, 2026, start/finish in Biltmore
• Local footprint: 9 athletic country club destinations in greater Phoenix

Argus May 6 session

+14.33% close to close Open Argus

Details

News Market Reaction – LTH

On May 6, the day this news came out, LTH closed 14.33% above the previous close.

Data tracked by StockTitan Argus for the May 6 session.

Market Context

On May 6, the day this news came out, the stock closed 14.3% above the previous close. A strong posi...

Analysis

On May 6, the day this news came out, the stock closed 14.3% above the previous close. A strong positive reaction aligns with Life Time’s recent pattern, where favorable Q1 2026 results and expansion initiatives preceded a +11.8% move. The Phoenix 10K acquisition adds another community-focused asset to the company’s growing Phoenix ecosystem, which already includes new Paradise Valley and Ocotillo clubs. Investors evaluating sustainability could watch capital deployment, integration of new events into the broader platform, and how incremental initiatives like this contribute to engagement and utilization across its 190 centers.

Key Figures

Race age: 51st year Founding year: 1976 Event ownership tenure: 25+ years +4 more

Race age

51st year

Phoenix 10K enters its 51st year in 2026

Founding year

1976

Phoenix 10K founded in 1976

Event ownership tenure

25+ years

Life Time owning and operating endurance events

Race date

November 8, 2026

2026 Life Time Phoenix 10K event date

Kids age range

3–10 years

Mollen Mile for Kids participant ages

Events portfolio

30 events

Premier athletic events owned and produced by Life Time

Phoenix clubs

9 destinations

Life Time athletic country club locations in greater Phoenix area

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Q1 2026 earnings

   24h Move

   +11.8%

   Strong Q1 revenue, net income, EBITDA and raised full‑year 2026 outlook.

2. May 04

   Club opening

   24h Move

   -1.5%

   Opening of Life Time Ocotillo athletic country club in Gilbert, Arizona.

3. Apr 30

   Club opening

   24h Move

   +2.2%

   Launch of 91,000‑sq‑ft Paradise Valley luxury athletic club at PV.

4. Apr 30

   Sale‑leaseback financing

   24h Move

   +2.2%

   Closed $200M property sale‑leasebacks with plans for another $200M in 2026.

5. Apr 29

   Product partnership

   24h Move

   -0.2%

   LT Pro 48 named official ball of Major League Pickleball’s 2026 season.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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One of Arizona's longest-running road races enters its 51st year as founder Dr. Art Mollen entrusts its future to Life Time

PHOENIX, May 6, 2026 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, today announced it has acquired the Phoenix 10K, one of Arizona's longest‑running road races. As the race enters its 51st year, the transition marks a meaningful passing of the baton from renowned founder, Dr. Art Mollen, to Life Time—positioning the iconic event for continued growth for generations to come.

Founded in 1976, the Phoenix 10K has been a cornerstone of the local running community for more than five decades. Built by Dr. Mollen into a beloved annual tradition, the event has welcomed generations of runners to Phoenix streets and neighborhoods. As ownership transitions to Life Time, Dr. Mollen will remain actively involved as founder and ambassador—continuing to champion the values, community pride, and traditions that have defined the race since its inception.

"I'm incredibly proud of what the Phoenix 10K has become over more than 50 years, and I'm excited about where it's headed next," said Dr. Mollen. "This race grew organically from small beginnings along the Arizona Canal into one of the most iconic running traditions in Arizona. As I look to the future, there's no better steward than Life Time—the nation's preeminent athletic events owner, producer, and operator. I'm thrilled to remain personally involved as this cherished community event continues to evolve."

For more than 25 years, Life Time has owned and operated some of the world's most iconic, desirable, and in‑demand endurance events, delivering best‑in‑class athlete experiences grounded in community connection, operational excellence, and innovation. With running participation surging nationwide, Life Time continues to thoughtfully expand its events portfolio—preserving legacy events while elevating them for modern athletes.

"Running continues to experience explosive participation growth, and athletes are seeking events that combine authenticity, quality, and community," said Kimo Seymour, Senior Vice President of Media and Events at Life Time. "The Phoenix 10K embodies all of that. Its history, legendary founder, and place in Phoenix running culture make it an exceptional fit for Life Time. We're honored to carry this event forward while celebrating everything that has made it special for so long."

Life Time brings both national expertise and deep local connection to the event. With a strong and growing presence in the greater Phoenix area, Life Time currently serves members through  9 athletic country club destinations, a broad ecosystem of health and wellness programs and service, endurance training programs, and local running communities—creating a natural extension from club experiences to race day. The announcement coincides with a landmark week for Life Time in Arizona, marked by the openings of Life Time Paradise Valley in the PV development and Life Time Ocotillo in Gilbert.

The 2026 Life Time Phoenix 10K will take place on Sunday, November 8, 2026, with a start and finish in Phoenix's iconic Biltmore neighborhood. The scenic out‑and‑back course travels through Paradise Valley, offering runners an approachable and picturesque race experience in one of the region's most sought‑after settings. In line with Life Time's mission, the event will continue to feature the Mollen Mile for Kids, encouraging children ages 3-10 to start running as part of a healthy lifestyle, a cause that Dr. Mollen and the Mollen Foundation champion.

To register for the 2026 event, visit phoenix10k.com.

The Life Time Phoenix 10K joins a portfolio of 30 premier athletic events owned and produced by Life Time, including the Miami Marathon, UNBOUND Gravel, and the Leadville Race Series. Together, these events form an integrated ecosystem that complements Life Time's athletic country clubs, digital platforms, and healthy way of life programming—offering multiple entry points to an active lifestyle for both members and nonmembers alike.

For more information about Life Time athletic events, visit my.lifetime.life/athletic-events.

About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through more than 190 athletic country clubs across the U.S. and Canada, a complimentary and comprehensive Life Time app featuring its L•AI•C™ AI‑powered health companion, and 30 iconic athletic events. Serving people ages 90 days to 90+ years, Life Time delivers experiences across healthy living, healthy aging, and healthy entertainment, along with trusted nutritional supplements and healthy way of life services. Recognized as a Great Place to Work®, the company is committed to an exceptional culture for its 45,000 team members.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-expands-running-portfolio-with-acquisition-of-the-phoenix-10k-302763890.html

SOURCE Life Time, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Life Time (LTH) announce about the Phoenix 10K on May 6, 2026?

Life Time announced it has acquired the Phoenix 10K and will operate the event going forward. According to the company, founder Dr. Art Mollen will remain involved as founder and ambassador while the event joins Life Time’s endurance portfolio.

When and where is the 2026 Life Time Phoenix 10K (LTH) scheduled to take place?

The 2026 Life Time Phoenix 10K is scheduled for November 8, 2026, with start and finish in Phoenix’s Biltmore neighborhood. According to the company, the scenic out-and-back course travels through Paradise Valley.

Will the Phoenix 10K keep the Mollen Mile for Kids under Life Time (LTH)?

Yes. The Mollen Mile for Kids will continue as part of the event under Life Time management. According to the company, the youth mile supports ages 3–10 and aligns with the event’s community and healthy-lifestyle mission.

How does the Phoenix 10K fit into Life Time’s events portfolio (LTH)?

The Phoenix 10K will join a portfolio of 30 premier athletic events owned by Life Time. According to the company, these events complement its athletic country clubs, digital platforms, and healthy way-of-life programming.

Will Dr. Art Mollen remain involved after Life Time’s acquisition of Phoenix 10K (LTH)?

Yes. Dr. Art Mollen will remain actively involved as founder and ambassador after the acquisition. According to the company, he will continue to champion the race’s traditions and community connections.

How can runners register for the 2026 Life Time Phoenix 10K (LTH)?

Runners can register at phoenix10k.com for the November 8, 2026 race. According to the company, event registration and details are available on the race website and Life Time’s athletic-events pages.