Pure Gym to acquire Blink Fitness.

Pure Gym, a chain of no-frills health clubs, agreed to acquire Blink Fitness, an affordable fitness brand. Financial terms were not disclosed. "We are pleased that PureGym was selected as a winning bidder in our sale process, and we are excited to be moving forward with new owners who believe in our business and will deliver on our mission to democratize fitness for all. We are grateful for the dedication of our entire Blink Nation and their continued focus on delivering the best experience possible for our valued members. We appreciate the relationships with our partners and the tremendous loyalty of our members as we enter this new chapter," Guy Harkless, Blink Fitness President and Chief Executive Officer.