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News > Deals
Capital Partners For Health & Fitness Inc &
Health Partnership Inc
Update Date: 06/27/06
Date Announced: 12/22/05
Value (million $USD): 13.3 million U.S. Dollar
Status: Pending
 TRANSACTION DETAILS
Date Announced12/22/05
Date Originally Announced12/22/05
FormatMergerAcquisition techniquesStock Swap
AttitudeFriendlyAgencyn/a
Value13.3 million U.S. DollarAdvisor Feesn/a
SYNOPSIS
US - Health Partnership Inc signed letter of intent to acquire all the outstading stock of Capital Partners For Health & Fitness Inc, an owner and operator of fitness centers, for $13.675 mil. The consideration was to consist of $6.634 mil in cash, $6.634 mil HP common stock and up to an undisclosed amount in profit related payments. The transaction was subject to due diligence and shareholder approval.
 TARGET
NameCapital Partners For Health & Fitness Inc
IndustriesMembership sports and clubs
CityRaleigh
StateNC
NationUnited States
Incorporated inn/a
Public StatusPrivate
Business DescriptionOwn and operate fitness centers
Advisorsn/a
Target Salesn/a
 ACQUIROR
NameHealth Partnership Inc (OTC : HHPN)
Industriesn/a
CityAvrada
StateCO
NationUnited States
Incorporated inn/a
Public StatusPublic
Business DescriptionProvide health services
Advisorsn/a
Acquiror Salesn/a
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