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Company Background
Fitness & Wellness Professional Services, LLC (F&WPS) was formed to provide fitness and wellness services for the advancement of the community's health and well-being. Partnering with hospitals to deliver full-service, hospital affiliated fitness and wellness centers has been determined to be the preferred approach to achieve the mission.
F&WPS not only provides its time-tested expertise but contributes capital along with its hospital joint venture partner. The equity structure of the relationship engenders aligned interests and promotes the economic well being of the enterprise. Additionally, a host of collateral benefits accrue to the health care provider.
Partner Bios
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Gary Reidy - Mr. Reidy is one of the founding managing members of Bayshore Fitness & Wellness Center Hazlet, Bayshore Fitness & Wellness Center Old Bridge, Princeton Fitness & Wellness Center, and RWJ Hamilton Center for Health & Wellness and has been instrumental to their success. Prior to his present position, Mr. Reidy owned and operated Lifestyle Fitness Centers, highly successful health clubs located throughout central and north New Jersey from 1990 to 1998. Lifestyle Fitness sold its entire operation on August 6, 1998. Prior to the sale, Mr. Reidy was responsible for the start-up operations of all six Lifestyle Clubs; hiring, management training, and sales. Mr. Reidy also coordinated advertising and marketing activities. Mr. Reidy is a pioneer in the industry, having implemented wellness programming in the 1980's. Mr. Reidy has worked in the fitness industry for over thirty years. Prior to 1990, he opened and operated approximately sixty (60) fitness centers throughout the United States. Mr. Reidy created his seed money by contracting with failing fitness companies and turning them into profitable ventures. Proceeding with an at risk approach he evaluated, planned and executed "turn around" strategies with no promise of remuneration. Once the distressed facilities achieved profitability, Mr. Reidy received fifty (50%) percent of the operating income. Repeated success in this venue resulted in a substantial revenue stream for Mr. Reidy. |
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Leslie Adelman Banks - Ms. Adelman Banks is also one of the founding managing members of Bayshore Fitness & Wellness Center of Hazlet, Bayshore Fitness & Wellness Center Old Bridge, Princeton Fitness & Wellness Center and RWJ Hamilton Center for Health & Wellness. Prior to her present position, Ms. Adelman Banks, as a seasoned attorney, spent twelve years specializing in commercial, banking, bankruptcy, and transactional law. For the last twelve years she has focused on bringing a stronger wellness component into the fitness industry. Ms. Adelman Banks has studied health care trends across the country and incorporated extensive "wellness "programs into the Lifestyle Fitness Centers. Ms. Adelman Banks' experience in operations comes not only from representing Lifestyle for six years, but she has also worked with Lifestyle in the negotiation, construction, opening operations, and day to day operations of their Springfield and Parsippany facilities. Ms. Adelman Banks, along with Mr. Reidy, developed a turnkey health and wellness center for Saint Barnabas Health Care System's (Livingston, New Jersey) ambulatory care center. The center was designed specifically to meet the needs of special medical populations, such as those individuals with diabetes, osteoporosis, arthritis, post cardiac and orthopedic rehabilitation conditions. |
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Stephen Kay - Mr. Kay joined the team in September 2002, leaving his position of 25 years as Executive Vice President and Chief Operating Officer of Bayshore Community Hospital, Holmdel, New Jersey. He is one of the managing partners of Bayshore Fitness & Wellness Old Bridge, Princeton Fitness & Wellness Center, and RWJ Hamilton Center for Health & Wellness. Mr. Kay received a Bachelor of Arts degree from Colgate University and a Masters of Arts degree in Health Care Administration from George Washington University. After serving a one-year student residency at Bayshore Community Hospital, he was appointed as its Administrative Assistant and in January 1980 he became an Assistant Director. In February 1982, he was promoted to Associate Director and in January 1984 he assumed the position of Executive Vice President / Chief Operating Officer. Mr. Kay is a member of the American College of Healthcare Executives. As the chief operating office he spearheaded Bayshore Hospital's initiative into the fitness and wellness arena, believing it was not only a prudent financial investment, but also one of the best community services a local hospital could provide for its population. |
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Katharine Mann - Mrs. Mann left her position as Chief Financial Officer with Bayshore Community Hospital after twenty years of service. She is one of the managing partners of Bayshore Fitness & Wellness Center Old Bridge, Princeton Fitness & Wellness Center, and RWJ Hamilton Center for Health & Wellness. Mrs. Mann joined Bayshore Community Hospital in 1982 as Comptroller and was promoted to Chief Financial Officer in January 1984. Mrs. Mann was responsible for fiscal operations of the Bayshore "parent" and all of its subsidiaries, including the Hospital. Mrs. Mann received a Bachelor of Arts degree from Dickinson College and a Masters of Business Administration degree from Rutgers University. She previously served in a controller's position at St. Elizabeth Hospital in Elizabeth, New Jersey and as healthcare specialist in the audit department of Peat Marwick Mitchell & Co., a public accounting firm. She is a certified public accountant and a member of the New Jersey Society of Certified Public Accountants. Mrs. Mann and Mr. Kay served as Bayshore's liaison for the hospital's first fitness and wellness center, which opened in September 2000. |
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January 11, 2010...
Welcome to our New Website!
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