UMMC to acquire fitness centers in part-purchase, part-gift - - Jackson, MS

UMMC to acquire fitness centers in part-purchase, part-gift

Source: WLBT Source: WLBT
Associated Press

JACKSON, Miss. (AP) - The University of Mississippi Medical Center will take over a chain of fitness centers in the Jackson area, partly accepting them as a gift and partly purchasing them.

The College Board approved a plan Monday where UMMC will pay $9.3 million for Courthouse Racquet & Fitness, whose real estate is valued at $10.5 million. Owner John L. Black Jr. of Madison will give $4.8 million in cash immediately to the medical center and give $5 million more over 10 years.

UMMC leader Dr. James Keeton says the six Courthouse locations will become the UMMC Wellness Center. The university would own locations in Brandon, Byram, Flowood and north Jackson, leasing locations in Madison and downtown Jackson.

Keeton says UMMC planned its own wellness center before Black offered the donation.

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