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1 June 2012 Last updated at 08:20 ET

Struggling gym company Fitness First has proposed a company voluntary arrangement (CVA) in a bid to avoid going into administration.

The move, to be administered by KPMG, will involve a renegotiation of the terms of its property portfolio and a 100m loan injection.

But it has to be approved by the firm's creditors first.

Fitness First has about 140 gyms and is struggling to keep up rental payments after a fall in membership revenues.

Two of Fitness First's biggest lenders, Oaktree Capital and Marathon, have already agreed to write off more than 560m of debt in return for an undisclosed equity stake in the company.

According to KPMG, a CVA must offer a better return to creditors than an administration and cannot simply be used to escape onerous leases.

Richard Fleming, KPMG's UK head of restructuring, said: "In the case of Fitness First, we estimate that the return to compromised landlords to be within a range of 23-28p in the 1 versus less than 0.5p in the 1 in administration."

Under the terms of the CVA, all Fitness First currently-trading gyms will remain open, but 67 will be offloaded to new operators within the next six months.

Fitness First is owned by private equity firm BC Partners.

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Fitness First thrown CVA lifeline

Gym chain Fitness First will sell a quarter of its Australian outlets as its debt-laden UK parent undergoes a major restructure of its global operations.

Fitness First Australia announced on Friday that it would sell 24 of its 97 clubs but said protection of member and staff rights would be a condition of the sales.

Company managing director Pete Manuel said the 24 clubs 'do not fit our vision for the brand'.

'All operators review their portfolios from time to time and this is overdue for Fitness First here in Australia,' he said.

Founded in the UK in 1993, Fitness First has more than 400 clubs worldwide - mostly in the UK, Australia and Germany - but has struggled in the face of low-cost competition and tight economic conditions in recent years.

In 2011, former BC Partners, the private equity owners of the international Fitness First business, scrapped plans to float the business on the Singapore stock exchange.

In 2010, the Australian operations reported a fall in membership of 16,000 people - a drop of nearly five per cent.

A number of franchises, low-cost, 24-hour gym businesses have opened in Australia in the past five years, increasing the pressure on one-time market giant Fitness First.

Corporate advisers 333 Capital have been retained to find buyers for the Australian clubs.

Mr Manuel said that following the restructure of the Fitness First group by new majority owners Oaktree and Marathon, and the 'virtual' removal of $890 million in debt, the business would have funds to improve the quality of existing clubs and open new venues.

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Fitness First puts clubs up for sale

MISSION, KS--(Marketwire -05/31/12)- (Family Features) Even the most dedicated exercise enthusiast can hit a workout rut, but there are a few ways you can stay motivated, whether it's adding a new class into your routine or ensuring you're outfitted in the right gear. Read on for the latest trends in staying on track:

1. Set goals, track progress - One of the best ways to stay motivated is to set goals, track progress, and share results. A great way to keep your goals and successes top of mind is keeping a visual chart on your fridge or bedroom wall. Not only will you feel accomplished when you check off the days you worked out, but it is also an easy way to track your progress and celebrate milestones.

2. Add variety - One reason people tend to quit an exercise program is boredom, so make sure you are challenging yourself. A great way to do so is mixing up your routine with the latest fitness workouts like TRX Suspension Training or Crossfit. Not only does a varied workout regimen prevent boredom, it also ensures you're working different muscles and areas of your body. And speaking of mixing it up, downloading a new playlist can give you the right heart-thumping boost to keep your energy levels up.

3. Buddy up - Another way to combat boredom is working out with a friend. Scheduling a workout in advance ensures you're more likely to stick to your fitness commitments. As the old adage says, time passes much more quickly when you're having fun.

4. Get the right gear - Whether you're a seasoned fitness pro, or you're just starting a new regimen, it's important to sport the right apparel to keep you looking and feeling your best. For women, this means finding the perfect the sports bra.

"There really is no getting around it," states LaJean Lawson, Ph.D. and Champion's sports bra expert. "Having the right sports bra is key to fitness success! Make sure that you have a style that both fits properly and is appropriate for your activity level -- you're not going to get a good workout if you aren't comfortable."

Now it is even easier to find the perfect sports bra with the launch of ChampionSportsBras.com. This site offers active women educational tools and tips, such as a Bra Finder that finds the right sports bra for your active lifestyle, a Blog with healthy living tips, even a Bra Registry that will remind you when it's time for a new sports bra.

5. Reward yourself - It's important to reward yourself when you reach milestones -- both big and small. In fact, if you set only major goals, you're more likely to get frustrated and quit before you make much progress. Instead, set small, achievable goals for specific time parameters, as well as an overall goal. Don't let setbacks get you down, and make sure you celebrate each time you reach a new level with something special, such as an ice cream cone, trip to the movies, or a massage.

About Family Features Editorial SyndicateThis and other food and lifestyle content can be found at http://www.editors.familyfeatures.com. Family Features is a leading provider of free food and lifestyle content for use in print and online publications. Register with no obligation to access a variety of formatted and unformatted features, accompanying photos, and automatically updating Web content solutions.

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Five Ways to Find Your Fitness Motivation

Clint Dempsey might not be fit enough to start for the United States against Brazil in an international friendly Wednesday night. The Fulham attacker, who scored 17 goals in the Premier League this season, missed the last day of the season with a groin injury. The injury isn't a concern anymore, but fitness levels after several weeks out are.

"I'm lacking a little bit of match fitness, but [I] continue working hard," Dempsey said. "I felt OK. As far as getting on the ball I felt confident. But I lacked a little bit of fitness getting around the field and being able to pressurize defensively."

The 29-year-old sat out Saturday's friendly with Scotland. Landon Donovan, who scored a hat trick, and Jose Torres started in the wide attacking positions for the 5-1 win. They might get the nod against Brazil as well if Jurgen Klinsmann doesn't feel Dempsey is ready to start.

"We'll look at him tomorrow we have another training session and then we'll take it from there," Klinsmann said. "We're not stressing out about it."

Klinsmann did note the other 22 players are all fit, a good situation for me the coach to be in.

The other player to miss the Scotland game, Jozy Altidore, should be ready to start. The AZ Alkmaar striker praised Dempsey's season, which saw the Texan become the first American to score a hat trick in the Premier League as well as become the all-time top scoring American in England.

"You can see the difference between the now and the first year he came [to Europe]," Altidore said. "The first year he was a bit raw, second year he was getting the hang of it, playing. He fell out of the lineup, he got back in it a testament to his personality, his character. I think these five years say what he is as a person a fighter."

The United States will miss that tenacity and goal-threat if Dempsey can't play. However, Klinsmann may use his star off the bench.

"I'm not 90 minutes fit but I'm ready to go in whatever capacity the coach wants to utilze me," Dempsey said.

Follow ZAC LEE RIGG on Twitter or shoot him an email.

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Clint Dempsey in fitness race to face Brazil

NASHVILLE, Tenn.--(BUSINESS WIRE)--

As part of its long-standing commitment to improving the health and well-being of older adult members, Highmark Inc. has agreed to a two-year extension through 2013 to offer the Healthways (HWAY) SilverSneakers Fitness Program to eligible members. SilverSneakers, an exercise program designed to keep older adults active and healthy, is offered to more than 460,000 eligible Highmark Medicare Advantage members in Pennsylvania and West Virginia.

Using proven methodologies based upon more than 16 years of science and outcomes, the SilverSneakers Fitness Program increases physical activity in older adults, resulting in higher well-being and lower health care costs. The program engages participants in active behavior change through access to a variety of physical activity venues and senior-specific programming that incorporates physical activity, nutrition and cognitive and social experiences.

In some of our service areas, Highmark is the only health insurance provider to offer SilverSneakers, and this relationship provides a value-added benefit that ultimately keeps our members healthy and happy, said Cindy Dellecker, senior vice president of Highmark Senior Markets.

Recent findings from the Gallup-Healthways Well-Being Index indicate that older adults participating in SilverSneakers enjoy significantly higher overall well-being despite the increasing disease burden that comes with old age. A study in a recent edition of Population Health Managementalso indicates that respondents with higher well-being scores demonstrate lower utilization and hospital admittance rates.

The Gallup-Healthways Well-Being Index findings demonstrate that we are on the right track by addressing the well-being among older adults in Pennsylvania and West Virginia, as lower well-being directly influences health status and utilization of health services, said Ben R. Leedle, Jr., Healthways president and chief executive officer. By continuing to offer SilverSneakers to its Medicare Advantage members, Highmark is demonstrating their ongoing commitment to their older adult members through a time-tested, proven solution that provides a unique combination of exercise and social support to improve not only the physical health of their members, but also their overall well-being.

Highmark has provided SilverSneakers access to eligible Medicare Advantage members since January 1, 2004. In 2011, more than 50 percent of new Highmark enrollees stated that their SilverSneakers membership was their first fitness center membership, with 70 percent citing personal health concerns as their reason for joining.

The SilverSneakers Fitness Program was founded in 1993 and serves more than 9 million eligible members. The Healthways fitness center network offers convenient access to 14,000 participating fitness and wellness facilities nationwide.

About Highmark

Highmark Inc., based in Pittsburgh, is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. Highmark serves 4.9 million members in Pennsylvania, West Virginia and Delaware through the company's health care benefits business and is one of the largest Blue plans in the nation. Highmark has 20,000 employees across the country and provides a broad range of health and wellness related services through subsidiary and affiliate companies. For more information, visit http://www.highmark.com.

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Highmark Extends Relationship with Healthways to Continue to Offer SilverSneakers® Fitness Program Through 2013

JACKSONVILLE, N.C., May 30, 2012 /PRNewswire/ -- CKO Kickboxing, one of the fastest growing health fitness franchises, will celebrate the Grand Opening of its newest cardio kickboxing gym on Saturday, June 2, at 1368 Piney Green Road #9, Willis Plaza in Jacksonville, NC. The gym will serve the military and their families stationed in Marine Corps Base Camp Lejeune, Cherry Point Air Station, Camp Geiger, Camp Johnson and Marine Corps Air Station New River.

The high-quality cross training gym provides a family-friendly setting to residents of Jacksonville who are looking for an alternative to Pilates, yoga, martial arts, cross-fit and spinning classes.

Grand Opening festivities are in the works for Saturday, June 2 from 11 a.m. to 1 p.m., according to CKO Kickboxing of Jacksonville owner Sarah Bentley, a former Marine Corps Sergeant who had once been stationed at Camp Lejeune.

Plans include a live broadcast from 99.5 the X and a big party atmosphere with refreshments, raffles, venders, balloon clown and demonstrations of kickboxing.

CKO Kickboxing, whose franchisees include many former military members, is offering a 10 percent discount to current and former service personnel as well as police and fire personnel.

For Ms. Bentley opening a CKO Kickboxing franchise was a dream come true.

"Like many other CKO Kickboxing franchise owners, I was a member first. I loved the workout. When my husband was transferred to Camp Lejeune, I found out that they didn't have kickboxing. They do have martial arts, but they don't focus on the exercise portion the way CKO Kickboxing does," she said.

While talking with CKO Franklin and CKO Augusta owner Darlene Palley, she found out how she could move to North Carolina and still do kickboxing the CKO way.

"Iheard about the news report on Fox News about CKO Kickboxing wanting to expand their franchise. I spoke to Joe Andreula, president of CKO Kickboxing, and everything worked out great," she said.

"I was going to go into nursing because I like helping people. Then I realized that I wanted to help people before they got to that point of needing a nurse," she said. "I love the energy in a kickboxing workout. You can definitely see the improvement. You can see their moods change. You can see their bodies change. Cardio kickboxing creates healthier, happier people."

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CKO Kickboxing Health Fitness Franchise Continues Rapid Growth with New Jacksonville, NC Gym Opening on June 2

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Fitness centre in rec facility is a must

Health: Okotoks woman radiating resilience and healthy glows

May 30, 2012 11:33 am | By April Ip

Left Debbie Slapman, Vicki Stride and Lisa Mahar get ready for endurance exersizes at the Holy Trinity Academy School outdoor track.

Feeling good and looking good go hand-in-hand for a group of local ladies and they want to send this message to the younger generation.

The mantra has been circling the minds of countless woman since Okotokian Vicki Stride put her fitness company Inspired Fitness and Personal Training and her fitness challenges to the test.

Stride said the Building a Legacy challenge means more than just losing weight. She recommends losing weight the healthy way and her program pushes the importance of good self-esteem and body image.

So many moms dont want to create a stigmas for their young daughters, Stride said.

Constantly stepping on a scale and trying to lose weight wasnt the image she wanted to portray to her family.

Society has so much of that already, she said.

The fitness leader said shes already experienced a lot of positive feedback from mothers involved in her fitness program.

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Fitness regime sends youth to Glow camp

CHANHASSEN, Minn.--(BUSINESS WIRE)--

Life Time Fitness, Inc. (LTM), The Healthy Way of Life Company, today announced that Michael Robinson, executive vice president and chief financial officer, will present at the 32nd Annual Piper Jaffray Consumer Conference. John Heller, senior director of investor relations and treasurer, also will attend on behalf of the Company.

The Conference will be held June 5th and 6th at the Le Parker Meridien in New York City. The Life Time presentation will occur on June 6th at 12:30 p.m. ET. The presentation will be webcast and may be accessed via the Company's Investor Relations section of its website at lifetimefitness.com. A replay of the presentation will be available through Wednesday, August 29, 2012.

About Life Time Fitness, Inc.

As The Healthy Way of Life Company, Life Time Fitness (LTM) helps organizations, communities and individuals achieve their total health objectives, athletic aspirations and fitness goals by engaging in their areas of interest or discovering new passions both inside and outside of Life Times distinctive and large sports, professional fitness, family recreation and spa destinations, most of which operate 24 hours a day, seven days a week. The Companys Healthy Way of Life approach enables customers to achieve this by providing the best programs, people and places of uncompromising quality and value. As of May 30, 2012, the Company operated 105 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC(SM) brands in the United States and Canada. Additional information about Life Time centers, programs and services is available at lifetimefitness.com.

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Life Time Fitness to Present at the 32nd Annual Piper Jaffray Consumer Conference

National Senior Health & Fitness Day kicks off at 8 a.m. today at the Purrysburg Fitness Center.

The schedule includes:

Giant Aerobics Class: 89:30 a.m. in front of the Purrysburg Fitness Center.

Get your heart pumping during the Gigantic Aerobics Class. If it rains, the class will be held at the pavilion. Enter the raffle to win a free T-shirt. There will also be chair instruction for beginners.

Aerobics instructors are Chamoni from 88:30 a.m., Lee from 8:309 a.m. and then Lois from 99:30 a.m.

Free Fitness Testing: 89:30 a.m., Purrysburg Fitness Center Aerobics Room.

This is a great way to compare fitness levels from year to year. You are welcome to come and go between the aerobics class and the fitness testing. The fitness testing will be done on a first-come, first-serve basis. Plus a T-shirt raffle.

Four fitness tests are available: Chair stand test testing lower body strength (30 seconds); back scratch test testing upper body flexibility (1 minute); 8foot up and go test agility test; and step in place test measures aerobic fitness (2 minutes).

The Health Fair is from 10 a.m.1 p.m. in Pinckney Hall.

More than 70 health and wellness companies will be on hand. Health care providers will offer informational handouts, free screenings, demonstrations, tests and health screenings including: Blood pressure, oral cancer, skin cancer, ABI, diabetes, foot pressure mapping and much more. They will also have lots of free goodies.

Link:
Get moving today at National Senior Health & Fitness Day

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