Planet Fitness, Inc. (NYSE:PLNT) acquired 6 Franchise Stores in Long Island for $28.5 million on January 1, 2018. The acquisition was funded by Planet Fitness existing cash. As a result of the transaction, Planet Fitness incurred a loss on unfavorable reacquired franchise rights of $0.35 million. The loss incurred reduced the net purchase price to $28.15 million. Planet Fitness, Inc. (NYSE:PLNT) completed the acquisition of 6 Franchise Stores in Long Island on January 1, 2018.