How Bodhi Spa’s $300 million acquisition of Medallion could help you stay fit
It was a bold move by the Malaysian resort chain, which plans to add its own private wellness center to the Bodhi spa complex in Singapore.
The company has invested a total of $300-million in the project, including $30-million to help it scale up its fitness program.
In addition, it will be opening its own gym, a gym-style room, as well as a “bodhan” (private spa) that will offer free haircuts and massages.
But for the health-conscious, the $300M investment could be just the beginning.
The $300m deal is the latest milestone in the growth of the Bodhin Spa.
In 2016, the resort was valued at $1.3 billion, according to the company.
Medallion is now the largest private health care company in Malaysia, with revenues of $1,087 million in 2017, according the company’s financial results.
Its $300MM investment will also help Bodhi, a brand with an international reputation for wellness, expand its footprint in Asia.
This year, Bodhi has also acquired an online fitness company, Zululand, which is known for its online fitness program, Fitbodha.
A look at the Bodhis spa complex: Bodhi Spa has a unique experience, with its own fitness center, spa and gym.
Bentley Spa is the third most popular private health spa in the country.
Its spa is open 24 hours a day and offers a variety of massage and acupuncture services.
Bentleys private gym is similar to Bodhi’s.
The gym is also open 24/7.
“We want to become the best fitness center in the world,” says Bentley’s co-founder, Sunil, when asked what makes his company special.
“Bodhan is a brand that has become synonymous with health and wellness.”
Medalion’s acquisition of Bodhi will help Bodhin stay relevant.
There are about 20,000 Bodhin spa rooms in Malaysia.
For more on the Bodhan Spa complex, see the Financial Post article.
(Reporting by Sujith Parekh in Singapore; editing by Stephen Brown)