You might also like
Life Time Group Holdings, Inc. (NYSE: LTH), branded as "Life Time, the Healthy Way of Life Company," is a premium lifestyle and leisure company focused on health, fitness, and wellness. The company operates resort-like athletic country clubs, offers digital wellness services, and organizes athletic events. Its offerings include memberships, in-center services, co-working spaces, residential communities, and media content, all aimed at fostering healthier lifestyles.
- Center Revenue - Provides memberships and in-center services, including access to fitness facilities, personal training, aquatics, kids programming, spas, and cafes.
- Other Revenue - Includes revenue from Life Time Work (co-working spaces), Life Time Living (residential communities), and athletic events such as endurance races and cycling.
- Digital Services - Offers a digital platform and the Life Time Digital app, providing health and wellness content and services.
- Media - Publishes Experience Life® magazine and other wellness-related media content.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Bahram Akradi ExecutiveBoard | Founder, Chairman, and CEO | Chairman of Northern Oil & Gas Inc. (NYSE: NOG) | Founder of LTH in 1992, over 30 years of experience in health and fitness, and a leader in real estate development. | View Report → |
Eric Buss Executive | Executive Vice President & Chief Administrative Officer | None | Joined LTH in 1999, held various roles including CFO (2014-2016), and oversees legal, risk, HR, and communications. | |
Erik Weaver Executive | Executive Vice President & Chief Financial Officer | None | Joined LTH in 2004, became CFO in August 2024, and has led financial reporting, tax functions, and ERP implementation. | |
Parham Javaheri Executive | Executive Vice President, President of Club Operations, and Chief Property Development Officer | None | Joined LTH in 2004, leads real estate and club operations, and has driven expansion of athletic country clubs. | |
RJ Singh Executive | Executive Vice President & Chief Digital Officer | None | Joined LTH in 2017, oversees digital and technology initiatives, including the Life Time Digital App and pickleball livestreams. | |
Alejandro Santo Domingo Board | Independent Director | Senior Managing Director at Quadrant Capital Advisors; Board Member at Anheuser-Busch InBev (NYSE: BUD), Caracol Televisión, Mount Sinai Health System, and others | Extensive investment experience and leadership roles across industries and philanthropic organizations. | |
Andres Small Board | Independent Director | Managing Director at Partners Group (USA) Inc. | Extensive experience in private equity and investment management. | |
David Landau Board | Independent Director | Managing Partner and Co-Founder of LNK Partners | Co-founder of LNK Partners, extensive investment and finance experience. | |
Donna Coallier Board | Independent Director, Chair of Audit Committee | None | Former PwC partner, extensive experience in finance, accounting, and strategy; Chair of Audit Committee since March 2023. | |
J. Kristofer Galashan Board | Independent Director | Partner at Leonard Green and Partners, L.P.; Board Member at Mister Car Wash, Inc. (NYSE: MCW) and The Container Store (NYSE: TCS) | Partner at Leonard Green, extensive experience in investing and supporting high-growth companies. | |
Jimena Almendares Board | Independent Director | Global Chief Digital Officer at Decathlon | Nearly two decades of experience in digital technologies and leadership roles at public companies and startups. | |
Joel Alsfine Board | Independent Director | Board Member at Asbury Automotive Group Inc. (NYSE: ABG); Chief Investment Officer of Rugger Management LLC | Extensive experience in investment management and corporate governance. | |
John Danhakl Board | Independent Lead Director | Board Member at IQVIA Holdings Inc. (NYSE: IQV) and Mister Car Wash, Inc. (NYSE: MCW) | Managing Partner at Leonard Green, extensive experience in corporate finance and private equity. | |
Jonathan Coslet Board | Independent Director | Board Member at Nextracker Inc. (NASDAQ: NXT), TPG Inc. (NASDAQ: TPG), and Cushman & Wakefield plc (NYSE: CWK) | Vice Chairman of TPG Global, extensive experience in advising and growing companies, and financial expertise. | |
Paul Hackwell Board | Independent Director | Partner at TPG Global, LLC; Board Member at Playa Hotels & Resorts (NASDAQ: PLYA) | Leads TPG's consumer group, extensive experience in private equity investments across various industries. | |
Stuart Lasher Board | Independent Director | Founder, Chairman, and CEO of Quantum Capital Partners; Director at Northern Oil & Gas, Inc. (NYSE: NOG) | Founder of Quantum Capital Partners, extensive experience in finance and leadership roles. |
-
You mentioned that retention rates are at an all-time high, but what specific factors could potentially reverse this trend, and how are you mitigating the risk of increased membership churn if economic conditions worsen?
-
With your leverage target now between 1.75x and 2.25x, how do you plan to balance your growth initiatives, such as club expansions and investments in new brands like MIORA and LTH, while keeping leverage within this range?
-
Despite strong revenue growth, your adjusted EBITDA margin guidance remains at around 25%; what are the main constraints preventing margin expansion, and what steps are you taking to improve operational efficiencies?
-
You opened fewer new clubs in 2024 than your target of 10 to 12, citing delays; can you provide more detail on the challenges you've faced, and how confident are you in accelerating openings to meet your pipeline goals for 2025 and beyond?
-
You have been utilizing sale-leaseback transactions to fund growth and reduce leverage; are there concerns about reliance on this strategy, and how might selling significant real estate assets affect your long-term financial flexibility and profitability?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Acquired Business | 2023 | The acquisition was completed in the first quarter of 2023 using a combination of cash and 90,000 shares of common stock, resulting in a goodwill increase of approximately $1.8–$2.2 million and involving a share issuance valued at $1.472 million; the transaction also relied on a regulatory exemption under Section 4(2). |
Recent press releases and 8-K filings for LTH.
- Closed a sale-leaseback of three properties for approximately $150 million in gross proceeds, with at least $100 million more expected by year-end 2025.
- S&P Global Ratings upgraded Life Time’s issuer credit rating to BB- from B+ on June 18, 2025, citing strong membership growth, engagement, and reduced leverage.
- Credit facility margin improved by 25 bps effective June 19, 2025, and, along with an April 8, 2025 interest rate swap, lowered the term loan’s effective interest rate to 5.659%.
- CFO Erik Weaver noted the transaction enhances capital efficiency and supports a robust club development pipeline.
- Underwriting Agreement executed with J.P. Morgan Securities LLC and BofA Securities, Inc. for the sale of 20,000,000 shares at an offering price of $29.50 per share.
- The offering closed on June 6, 2025, with the shares sold by designated selling shareholders, and the company did not receive any proceeds from the sale.
- Revenue increased 18.3% to $706 million, with net income surging by ~205.6–206% and adjusted net income reaching $88.1 million; adjusted EBITDA grew 31.2% to $191.6 million
- Guidance update: The company expects 10–12 new club openings with plans to deploy roughly $150 million in sale-leaseback proceeds ; full-year 2025 revenue guidance was raised to $2,940–$2,980 million with net debt leverage at 2.0x
- Positive cash flow: Q1 free cash flow was approximately $41–$41.4 million and net cash from operations reached $183.9 million
- Membership growth: Center memberships increased to 826,374 (up 3%), contributing to 12.9% comparable center revenue growth
- Operational highlights: Opened 1 new center in Q1, bringing total centers to 180