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Life Time Fitness - Wikipedia. Life Time Fitness. Formerly called. FCA ltd. Private. Founded. FCA ltd.). 1. 99. Life Time Fitness) in Brooklyn Park, Minnesota, United States. Founder. Bahram Akradi.
Headquarters. Chanhassen, Minnesota. Area served. United States and Canada. Key people. Bahram Akradi(Founder, Chairman, President and Chief Executive Officer)Jeff Zwiefel(Chief Operating Officer)Tom Bergman(Executive Vice President, Chief Financial Officer)Eric Buss (Executive Vice President)Jess Elmquist. Executive Vice President, Human Resources and Life Time University)Servicespersonal fitness instruction, salon, food court, childcare center, and indoor/outdoor pool. Owner. Leonard Green & Partners.
Websitelifetimefitness. Life Time Fitness (stylized as LIFETIME FITNESS) is a chain of fitness centers (or health clubs) operating in the United States and Canada, based out of Chanhassen, Minnesota, a Minneapolis suburb. Many of its large high- end facilities operate 2. History. Paul area before the chain expanded to suburban and exurban communities in other metropolitan areas across several states.
Most Life Time Fitness centers are located in exurban or fringe suburban areas in medium to large- sized metropolitan areas, with a handful of locations in central city or inner suburban areas. The oldest Life Time facility is in Eagan, Minnesota. In August 2. 01. 4, Life Time Fitness, a publicly traded company, began pursuing entering into a Real Estate Investment Trust (REIT) following pressure to do so from its largest shareholder, Marcato Capital Management. In March 2. 01. 5, Life Time agreed to be acquired by private equity firms TPG Capital and Leonard Green & Partners in a leveraged buyout. Life Time Fitness Inc., with a judgment that employees must be paid in accordance with federal and state wage- and- hour laws which require overtime pay for hours worked in excess of 4.
Retrieved March 1. Retrieved March 1. For example, in Baden- Winterwood v. Life Time Fitness Inc., the Sixth Circuit Court of Appeals held that deductions made by a health and fitness center employer from the base salaries of department heads to recoup portions of paid bonuses when the employees. Payroll Manager's Report. Employees must be paid in accordance with federal and state wage- and- hour- laws, including laws requiring overtime pay for hours worked in excess of 4.
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Baden- Winterwood et al. Life Time Fitness Inc.