Life Time Announces $62.7 Million Share Repurchase in Private Transaction

Key Facts

1Life Time Group Holdings agreed to purchase 2,192,500 shares of its common stock in a private transaction.

2The repurchase price is set at $28.60 per share for an aggregate total of $62,705,500.

3The sellers include existing stockholders, including affiliates of Leonard Green & Partners, L.P.

Life Time Group Holdings, Inc. has announced a private agreement to repurchase 2,192,500 shares of its common stock. The repurchase price was established at $28.60 per share, representing an aggregate investment of approximately $62.7 million. The selling parties in this transaction include existing stockholders, notably affiliates of Leonard Green & Partners, L.P. This targeted buyback reflects the company's strategic approach to managing its equity structure and capital allocation. By reducing the total share count, the move is expected to enhance value for remaining shareholders. The transaction underscores management's confidence in the firm's financial position and long-term growth prospects.