Life Time Group Holdings Inc - LTH STOCK NEWS

Life Time (NYSE: LTH) has announced the opening of its 14th Illinois location, Life Time Evanston, a 60,000-square-foot athletic country club featuring the company's second MIORA Performance and Longevity Clinic in the nation.

Located near Lake Michigan, the facility offers comprehensive health and wellness services for all ages. The MIORA clinic provides personalized health services based on the proprietary Metabolic Code, including medically curated peptides, hormone replacement therapy, and various recovery treatments.

Key features include:

• Three indoor pickleball courts
• LT Recovery zone with hydromassage and cryotherapy
• Five dedicated studios for 90+ weekly group classes
• Kids Academy
• LifeCafe smoothie and coffee bar
• Life Time Work Club Lounge

The facility operates Monday through Friday (4am-midnight) and weekends (5am-10pm), marking Life Time's first opening of planned 2025 expansions.

Life Time (NYSE: LTH) has unveiled its 14th athletic country club in Illinois with the opening of Life Time Evanston, featuring the nation's second MIORA Performance and Longevity Clinic. The new 60,000-square-foot facility, located near Lake Michigan, offers comprehensive health and wellness services for all ages.

The facility introduces several key features including:

• Three indoor pickleball courts
• LT Recovery zone with advanced recovery equipment
• Five dedicated studios for 90+ weekly group classes
• MIORA clinic offering personalized health services
• Kids Academy for children's activities

The MIORA clinic provides specialized services including the proprietary Metabolic Code assessment, hormone replacement therapy, and various wellness treatments. Operating hours are 4am to midnight on weekdays and 5am to 10pm on weekends, with the facility located at 1618 Sherman Ave in downtown Evanston.

Life Time Group Holdings (NYSE: LTH) has announced the pricing of a secondary offering of 23,000,000 shares of common stock by certain selling stockholders. The offering, priced at a total gross proceeds of $699,200,000 before underwriting costs, is expected to close on March 3, 2025.

The selling stockholders will receive all proceeds from the offering, with Life Time not receiving any proceeds from the stock sale. J.P. Morgan and BofA Securities are serving as the underwriters, offering shares to the public at a fixed price.

Life Time currently operates more than 175 athletic country clubs across the United States and Canada, supported by over 42,000 dedicated professionals.

Life Time Group Holdings (NYSE: LTH) has announced a secondary offering of 23,000,000 shares of common stock. The offering includes 18,000,000 shares from affiliates of Leonard Green & Partners, TPG Inc., and Partners Group, plus 5 million shares from CEO Bahram Akradi.

Akradi's shares come from exercising 9,388,000 options granted in 2015, with the sale primarily intended to cover tax obligations. Following the offering, Akradi will have increased his ownership by approximately 25% to over 15.2 million shares since the company's October 2021 IPO.

J.P. Morgan and BofA Securities are serving as underwriters for the offering. Life Time will not receive any proceeds from the sale, as all proceeds will go to the selling stockholders. The offering's completion is subject to market conditions, with no guaranteed timeline or terms.

Life Time (NYSE: LTH) reported strong financial results for Q4 and full-year 2024. Total revenue increased 18.7% to $663.3 million in Q4 and 18.2% to $2,621.0 million for the year. Net income grew 57.0% to $37.2 million in Q4 and 105.3% to $156.2 million annually.

Key highlights include:

• Center memberships grew 6.4% YoY to 812,062
• Total subscriptions increased 6.3% to 866,085
• Adjusted EBITDA rose 28.5% to $177.0 million in Q4
• Net debt leverage ratio reduced to under 2.3 times
• Opened 8 new centers in 2024, reaching 179 total locations

For 2025, Life Time expects:

• 10-12 new center openings
• Comparable center revenue growth of 7-8%
• Net debt leverage ratio maintained at or below 2.25 times

Life Time (NYSE: LTH) has published an article in their Experience Life magazine featuring insights from Henry Emmons, MD, an integrative psychiatrist specializing in mental health. The article highlights three key supplements that support mental health:

• B Vitamins: Essential for brain function and neurotransmitter production, can reduce depression and anxiety symptoms while improving mood and cognitive function.
• Magnesium: Important for nerve transmission with calming effects on the nervous system, helping alleviate stress and improve sleep.
• Omega-3 Fatty Acids: Support brain-cell structure and communication while reducing depression symptoms and improving mood.

The article notes that while these nutrients are available in whole foods, many people have deficiencies and may benefit from high-quality supplements. Life Time offers products like LTH Daily Multivitamin, LTH Calm Magnesium, and LTH GLOW Omega-3 Fish Oil as supplement options.

Life Time (NYSE: LTH) is launching a complimentary Ultimate Protein Reset program, starting March 3, 2025, in celebration of National Protein Day and National Nutrition Month. The 30-day program, available through the free Life Time app, offers expert guidance on achieving optimal protein intake.

Participants will receive access to Life Time's dietitian team, weekly live education sessions, meal ideas, and shopping lists. The program aims to help individuals understand and meet their protein requirements for muscle recovery, metabolism, and satiety.

To support the initiative, Life Time showcases its LTH protein product line, including:

• LTH Build Whey+All-In-One with 30g protein
• LTH Whey Protein from grass-fed sources with 20g protein
• LTH Flex Whey Protein Isolate for athletes
• LTH Fuel Vegan+All-In-One with 30g plant-based protein
• LTH Vital Vegan Protein with 20g protein
• LTH Prime Collagen Powder and Rewind Collagen Elixir for skin, hair, and joint health

Life Time (NYSE: LTH) has achieved Great Place To Work® certification, based on an anonymous survey of thousands of team members across the United States. The survey revealed that 74% of Life Time employees consider it a great place to work, significantly higher than the 57% average for typical U.S. companies.

Key survey findings showed that 86% of team members felt welcome upon joining, 85% expressed pride in their employment, and 83% believed their work makes a difference. The company currently employs over 41,000 team members across North America, operating in more than 175 athletic country clubs and corporate offices in Minnesota.

Life Time (NYSE: LTH) announced its fifth annual Ride of a Life Time charity event, scheduled for March 8, 2025, across more than 160 locations nationwide. The event is expanding beyond cycling to include various group classes and Signature Training formats. Registration is open to both members and non-members at $25 per class.

The fundraiser benefits Children's Miracle Network Hospitals and the Life Time Foundation, targeting a $1.5 million goal for 2025. Since its 2021 inception, the event has raised over $3.5 million, including $1.1 million in the previous year. The funds support 170 children's hospitals across the U.S. and Canada, serving 12 million kids annually, while also promoting healthy food initiatives in schools and environmental conservation efforts.