Planet Fitness completed the acquisition of a minority stake in iFIT Health & Fitness.

Planet Fitness, a franchisor and operator of fitness centers, completed the acquisition of a minority stake in iFIT Health & Fitness, a health and fitness technology company. Financial terms were not disclosed. "This investment and Planet Fitness' continued partnership will accelerate iFIT's decades-long legacy of innovating immersive, engaging fitness experiences for everyone, everywhere. We look forward to furthering our work with Planet Fitness and innovating together to bring the best training experience to our members wherever they choose to work out," Scott Watterson, iFIT Founder, Chairman and CEO.