T.H.E. FITNESS <RFIT> BUYS LIVINGWELL UNIT
T.H.E. Fitness INc said it
agreed to buy Livingwell Inc's manufacturing unit, Powercise
INternational Inc, for 11.0 mln T.H.E. Fitness shares valued at
about 30 mln dlrs.
    This acquisition includes all of Livingwell's rights to its
recently announced Powercise fitness equipment.
    IN a separate transaction, Livingwell INc, an operator of
300 health clubs, placed a six mln dlrs order with Powercise
INternational to install the Powercise equipment in all of its
clubs.
 Reuter
