January 2006

Chiropractic key to Bally turnaround

Bally Total Fitness Corp., a company up for sale and under pressure from dissident shareholders, said that a focus on dieters and a push for new services such as massage and chiropractic are key elements for the company’s turnaround and growth. Bally also plans to adjust its real estate portfolio by closing underperforming clubs.

Bally’s financial advisers should distribute the company’s proprietary financial information to potential buyers within the next 30 to 60 days. To date, the company has not received any preliminary bids from private equity buyers.

Source: Reuters, www.reuters.com

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