Archive for the ‘Health and Fitness’ Category
How health care law affects lives of 7 Americans
Posted: March 19, 2012 at 9:49 am
CHICAGO (AP) A father lost his job at a medical device company that is facing a new tax. A young woman got back on her parents' insurance and was able to get surgery for an injury that could have hobbled her. A part-time sales woman stopped putting off a colonoscopy and cancer screenings and saved nearly $3,000 because health plans now must pay for preventive care without co-pays. A business owner received a tax rebate for providing health coverage to her employees.
As the U.S. Supreme Court prepares to hear arguments on President Barack Obama's health care overhaul, The Associated Press spoke with a variety of people to hear their experiences so far with the landmark legislation, whose major provisions don't take effect until 2014. Reporters asked: How has the health care law affected your life?
Here are snapshots of seven Americans:
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Name: Michael Esch
Home: Warwick, N.Y.
Age: 48
Occupation: Former middle manager for medical device company, now working as a hospital purchasing agent.
Insurance coverage: Paying out of his own pocket for COBRA insurance through his former company.
Esch, a father of three, lost his job in November in a layoff his employer said resulted from President Barack Obama's health care law. Medical device maker Stryker Corp. announced in November it intended to lay off 1,000 workers worldwide to save money ahead of a 2.3 percent tax on medical devices that starts in 2013.
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How health care law affects lives of 7 Americans
Crunch It Abs Workout – Body Weight – Video
Posted: March 18, 2012 at 11:53 pm
My Health
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My Health
Prepper Health and Fitness – Video
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Prepper Health and Fitness - Video
Fitness First poised to be saved through debt-for-equity swap
Posted: at 11:53 pm
The largest health club group in the world - Fitness First - is said to be close to being rescued by a private investment fund
Sunday, March 18, 2012 8:58 PM
THE largest health club group in the world - Fitness First - is close to being rescued by a private investment fund as it buckles under a 550 million debt burden.
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The gym chain, which employs 13,000 people and has 1.2 million members worldwide, is set to fall under the control of Oaktree Capital, the Mail on Sunday said.
Oaktree, which has reportedly been buying up the chains debt and now owns more than a third, is in talks with Fitness Firsts private equity backers BC Partners over a debt-for-equity deal.
Fitness First, which has 430 clubs worldwide, including 140 in the UK at locations including Colchester and Chelmsford, recently warned that it was unlikely to make an 18 million interest payment due this month.
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Fitness First poised to be saved through debt-for-equity swap
Fitness First ‘close to rescue’
Posted: at 11:53 pm
The largest health club group in the world Fitness First is close to being rescued by a private investment fund as it buckles under a 550 million debt burden.
The gym chain, which employs 13,000 people and has 1.2 million members worldwide, is set to fall under the control of Oaktree Capital, the Mail on Sunday said.
Oaktree, which has reportedly been buying up the chains debt and now owns more than a third, is in talks with Fitness Firsts private equity backers BC Partners over a debt-for-equity deal.
Fitness First, which has 430 clubs worldwide, including 140 in the UK, recently warned that it was unlikely to make an 18 million interest payment due this month.
A debt-for-equity swap will see Oaktree take a majority share but will allow BC Partners to keep part of its stake, which might lessen its losses in Fitness First.
BC Partners paid 835 million for Fitness First in 2005, which it has already mostly written off after the company racked up millions of pounds of debts.
Fitness First, along with rival LA Fitness, has found revenues squeezed in recent months because consumers are spending less and budget gym operators are growing.
The chain was paying 144 million in interest on its borrowings each year on revenues of 636 million, it was reported.
BC Partners fired the companys top management team as part of an overhaul, including chief executive Colin Waggett, finance director Duncan Tatton-Brown and UK managing director John Gamble.
Rothschild and veteran restructuring consultant Donald Featherstone, European head of the turnaround practice AlixPartners, were hired as advisers on its negotiations with lenders. BC Partners was forced to pull a planned 1 billion Singapore listing in 2011 after 17 of the 20 previous flotations tanked below their flotation listing price.
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Fitness First ‘close to rescue’
Body Transformation. Skinny to Pro Bodybuilder – Video
Posted: March 17, 2012 at 8:35 pm
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Body Transformation. Skinny to Pro Bodybuilder - Video
Healthy Eating Plan, Diet Tips, Weight Loss – Free Course – Video
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Healthy Eating Plan, Diet Tips, Weight Loss - Free Course - Video
June-Marie Raw Food and Fitness Health I danced in video 003 – Video
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June-Marie Raw Food and Fitness Health I danced in video 003 - Video
HUR Health
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HUR Health