YogaWorks Inc., Los Angeles, announced on May 2 that it had acquired Prana Power Yoga's three Boston-based studios for an undisclosed amount.
Prana Power Yoga was founded in 2002 by Taylor and Philippe Wells and has since expanded to three studios in Cambridge, Newton and Winchester, Massachusetts. These locations will increase YogaWork's club portfolio to 69 locations across the United States, according to a media release.
YogaWorks plans to retain current Prana Power Yoga employees and maintain the brand's classes and training programs as scheduled.
“We warmly welcome Prana Power Yoga’s teachers, staff and students to the YogaWorks community,” YogaWorks President and CEO Rosanna McCollough said in the release. “Our goal is to maintain their wonderful variety of programming while selectively adding classes to attract students of all ages and abilities and to provide more choices. In addition, our teachers in Boston will now have even more opportunities to teach across more studios.”
In coming months, Prana Power Yoga’s studio signage, website and mobile app will transition to those of YogaWorks.
“We are excited to partner with YogaWorks as we share the same mission and values,” Taylor Wells said in the release. “We feel happy and proud to have YogaWorks step in and continue building a wonderful community of hope, love, joy and support while giving our students and teachers more opportunities for personal growth.”
Prana Power Yoga members will be able to access any of YogaWorks' six studios in the Boston area, according to the release. They will also receive two free months of access to MyYogaWorks.com and its online video library of more than 1,000 guided yoga and meditation videos.
In addition, YogaWorks will offer eligible teachers with the brand's 100-hour Teacher Training course as part of their continued education.
In April, YogaWorks reported a 1 percent decrease in 2017 year-end revenue and a 10.2 percent increase in 2017 fourth quarter revenue. The company acquired 16 new studios in 2017, in addition to completing its initial public offering in August.
YogaWorks' 69 studios span nine U.S. markets including Los Angeles, New York City, Houston, Boston and Washington, D.C.