IRVINE, Calif., September 20, 2025 — Xponential Fitness, Inc. (NYSE: XPOF) (the “Company” or “Xponential Fitness”), one of the leading global franchisors of boutique health and wellness brands, today announced that it has completed the divestiture of Lindora to Next Health Management Group, Inc. (“Next Health”).
“The Lindora divestiture will allow Xponential to focus the Company’s time and capital on our core fitness modalities with the greatest impact to our profitability,” said Mike Nuzzo, CEO of Xponential Fitness. “We are confident that for Lindora franchisees, the transaction represents a compelling opportunity to become a part of one of the leading health optimization organizations in the world.”
“We are thrilled to welcome Lindora franchisees to our family,” said Dr. Darshan Shah, Founder and CEO of Next Health. “We believe Next Health, a franchise company with an established medical infrastructure, and a pioneer in longevity and personalized health, will be able to offer Lindora franchisees best in class support and franchisor services.” Next Health plans to support both existing and new locations under the Lindora brand.
Xponential will work closely with Next Health to help facilitate a seamless transition for Lindora franchisees. Houlihan Lokey, Inc. acted as the Company’s financial advisor in connection with the transaction, and McDermott Will & Schulte LLP served as the Company’s legal advisor. Baker & Hostetler LLP served as legal advisor to Next Health. Terms of the transaction were not disclosed.