Steiner buys Utah College

Steiner Leisure Limited has agreed to purchase the assets of Utah College of Massage Therapy, Inc. (UCMT), which operates a post-secondary massage school with seven campuses located in Utah, Colorado, Arizona and Nevada. UCMT had revenues in 2004 of approximately $28 million, according to a Steiner press release.

“The acquisition of UCMT, a sizable competitor, would significantly expand Steiner’s national presence in the post-secondary massage therapy school market,” said Leonard Fluxman, Steiner’s president and CEO. “The combination of these two premier brands would allow [Steiner] to become a leading provider of graduates into the growing spa market, which demands the highest quality spa professionals.”

UCMT’s founder, Norm Cohn, will join Steiner’s management team.

Steiner Leisure Limited is headquartered in the Bahamas and is a worldwide provider of spa services. The company’s operations include spas and salons on 120 cruise ships, and in 56 resort spas and two luxury day spas.

In addition to UCMT, Steiner Leisure also owns and operates three post-secondary schools offering degree- and non-degree-programs in massage therapy and skin-care, comprising seven campuses, located in Miami, Fort Lauderdale, Orlando and Sarasota, Florida; Baltimore, Maryland; York, Pennsylvania; and Charlottesville, Virginia.