The YMCA of Greater Indianapolis has been on a growth spurt the last decade. And now, with 12 facilities, it is one of the largest corporate chapters in the country.
Community Health has been looking for a buyer for Community Healthplex since it closed down a small hospital on the same campus at the end of 2016.
Health club on campus of IUPUI makes up for lost revenue by managing fitness and wellness programs for retirement communities.
YMCA of Greater Indianapolis officials have started a $40 million fundraising campaign that will be used to fund three more local locations, including a much-delayed $10 million facility in Pike Township.
The deal is the latest sign of turmoil in the health club industry, which is consolidating after a spurt of overbuilding.
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
At least five companies are scouting locations for dozens of new health clubs in a blitz that could help the city shed its
reputation for high rates of obesity. The fitness club business is booming nationwide, and several chains are betting Hoosiers
are among those looking for more convenient opportunities to get in shape.