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Life Time

“Can Life Time convert its premium fitness club footprint into a full-lifestyle platform—covering coworking, residential, and health services—at scale while deleveraging its heavily financed balance sheet?”

Founded1992
HQChanhassen, Minnesota, USA
FoundersBahram Akradi
Latest roundIPO (NYSE: LTH, 2021)
IndustryVertical SaaS / Health & Fitness
The story

Founded in 1992 as a traditional health club operator, Life Time has repositioned itself as a premium 'Athletic Country Club' brand offering fitness, coworking, and residential living under one roof. After going private in 2015 and re-listing via IPO in 2021, the company has pursued a capital-intensive growth strategy focused on large-format club openings and ancillary revenue streams including personal training, nutrition coaching, and spa services. The embedded finance footprint remains largely undisclosed publicly, but the balance sheet is heavily leveraged through institutional credit facilities rather than fintech partnerships.

Last 12 months
2024-09
2024-10
2026-05
Product timeline
1992
Founded as a health club operator in Chanhassen, Minnesota by Bahram Akradi.· pivot
2015
Taken private by Leonard Green & Partners in a leveraged buyout; entered into senior secured credit facility with Deutsche Bank as administrative agent.· acquisition
2021
Completed IPO on the New York Stock Exchange under ticker LTH.· ipo
2024
Refinanced capital structure: upsized revolving credit facility to $650M and issued $400M of 6.000% Senior Secured Notes due 2031 alongside a $1B Term Loan Facility.· banking
2025
Expanded to over 190 Athletic Country Club locations across the US and Canada; launched coworking and luxury residential (Life Time Living) verticals.· pivot
The stack
0 layers disclosed in Life Time’s embedded-finance stack
Accounting gap: none

Life Time — frequently asked

Who founded Life Time?

Life Time was founded by Bahram Akradi and is founded in 1992, headquartered in Chanhassen, Minnesota, USA.

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