TITLE

Meridian Receives $10 Million Investment

AUTHOR(S)
S. G.
PUB. DATE
September 2009
SOURCE
Fitness Business Pro;Sep2009, Vol. 25 Issue 9, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Meridian Sports Clubs California LLC, operator of several health clubs under the brand Meridian's Body in Motion, received 10 million dollars as part of senior secured debt from Praesidian Capital Investors in New York. Chuck Grieve, the company's chief executive officer (CEO), states that they are proud of what the had accomplished and looks forward for their future prospects. The sports club reported a revenue of 30 million dollars in 2008.
ACCESSION #
44449053

 

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