29 Jan 2009
Plus One Acquires TimeOut Services, Inc.
Acquisition Expands Wellness Industry Leader’s Presence on West Coast and in Community Marketplace
Plus One Health Management, Inc. announced today that it has acquired TimeOut Services, Inc., a provider of workplace and community fitness and wellness services in California. Plus One will immediately assume management of TimeOut Services’ existing corporate contracts in the Bay Area, including leaders in the network and communications equipment, internet services, food and drug store, and semiconductor industries, along with Community BootCamp, a community-based group fitness program with seven locations.
The acquisition continues Plus One’s growth as an industry leader nationwide and provides significant new lines of business. Financial terms of this agreement were not released. “The acquisition of TimeOut Services allows Plus One to continue our focus on strategic growth opportunities,” said Chris Ciatto, Plus One Chief Operating Officer. “The Bay Area in particular is an area where we have seen recent success, and TimeOut Services was a perfect fit for advancing Plus One’s goals in the region.”
Under the agreement, Patty Purpur, TimeOut Services’ Founder, President, and Chief Executive Officer, will become a Senior Vice President with Plus One. Additionally, John Holding, TimeOut Services’ current Chief Operating Officer, will become Plus One’s Regional Vice President overseeing the existing TimeOut Services portfolio along with locations in development along the West Coast.
Founded in 1992 by Patty Purpur, TimeOut Services provides a comprehensive range of services including fitness facility design, wellness program development and implementation, fitness center management, and group exercise programs for corporate clients. In addition, TimeOut’s Community BootCamp provides structured group fitness programs in seven Bay Area communities that continually challenge all fitness levels.
"I've had a good working relationship with Plus One for years," said Purpur. "Our similar passion for the business and core values made this a natural combination. I strongly believe that TimeOut Services' existing clients will benefit from Plus One's national capabilities and resources and will attain an even higher level of satisfaction in the years to come."
“Plus One is proud to welcome TimeOut Services’ devoted clients, members, and staff into the Plus One community,” said Mike Motta, Plus One President and Chief Executive Officer. “We are looking forward to helping each participant reach his or her wellness goals through our innovative service delivery systems, customized programming, advanced technology, and access to a long line of distinguished professionals passionate about achieving healthy results.”
About Plus One
Plus One Health Management Inc. is a leader in the design, development, and management of fitness centers, spas, and wellness programs for large corporations, luxury hotels, real estate developers, and community centers. Plus One applies an integrated approach, while catering to some of the finest organizations in the world. Clients include Fortune 500 companies, luxury hotel properties, financial services firms, law partnerships, and world leaders in the media, biotechnology, energy, and pharmaceutical industries. Founded in 1986 as a personal training clinic for celebrities and discerning clients who valued custom health and wellness solutions, today Plus One employs more than 1,500 professionals nationwide. For more information, please visit www.plusone.com.
Media Contact
Doug Naumann
Director of Marketing
Phone: 646-312-6206
E-mail: Doug.Naumann@plusone.com
