De Vere offloads Greens Health & Fitness as Nuffield grows gym business
Nuffield Health, the independent sector hospital provider and gym operator, today announced the acquisition of Greens Health & Fitness, a chain of 15 fitness centres, from De Vere Group for an undisclosed sum.
The acquisition expands the group’s foothold in the corporate wellbeing and gym market after it acquired the Cannons Health & Fitness health club chain in 2007 and Bladerunner corporate fitness in 2010.
The takeover of Greens and Nuffield's continued push into the corporate fitness sector comes as Britain's traditional independent hospital providers are faced with a contracting private medical insurance market.
Announcing the deal, Nuffield chief executive David Mobbs said the acquisition of Greens marks "an important step" towards achieving Nuffield Health's "strategic ambition" of operating a national network of fitness and wellbeing facilities.
“The acquisition will allow UK health consumers to benefit from the unique proposition Nuffield Health provides and maximise the number of members who are able to achieve their fitness and wellbeing goals and get healthier,” he added.
The acquisition means Nuffield Health’s overall membership rises to around 300,000 across 66 consumer and 200 corporate sites, making it the sixth largest provider of fitness and wellbeing services in the UK.
Towards the end of last year, Nuffield secured refinancing of £270m from five banks as it embarks upon a strategy to further grow its business.