YogaWorks Inc., Los Angeles, announced on May 29 it had acquired Inner Strength Studios' two Boston locations, increasing its club count in the area to eight facilities. This news follows YogaWork's acquisition of Prana Power Yoga's three Boston studios earlier in the month.
Inner Strength Studios was founded in 2003 by Roman Szpond and is known for combining a diverse array of yoga practices into its studio offerings.
YogaWorks plans to retain current Inner Strength employees and the studios' existing class schedules, according to a company media release. In coming months, Inner Strength's studio signage, website and mobile app will transition to those of YogaWorks.
“We are thrilled to bring Inner Strength’s teachers, staff and students into the YogaWorks family,” YogaWorks President and CEO Rosanna McCollough said in the release. “Roman and his team have built two wonderful studios, and we are joined by the same mission to help people reach their personal goals in an inclusive environment. With our growing number of studios in the Boston area, we give students more choices in yoga classes and more chances to reduce stress, breathe and connect. Our growth to eight locations also offers all Boston teachers more teaching opportunities and the chance to qualify for benefits”.
Current Inner Strength members will be able to access any of YogaWorks' eight 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.
“We are excited to partner with YogaWorks as we share the same values and belief in varied programming to reach people of all ages and abilities,” Szpond said in the release. “The staff and students will benefit tremendously from the depth and breadth of YogaWorks instruction across the country. I believe that YogaWorks is committed to providing an amazing environment for the Inner Strength community to continue to grow and experience their lives through the lens of yoga.”
In April, YogaWorks reported a 1 percent decrease in 2017 year-end revenue and a 10.2 percent increase in 2017 fourth quarter revenue.
YogaWorks' 71 studios span nine U.S. markets including Los Angeles, New York City, Houston, Boston and Washington, DC.