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Published on: 5/5/2004
Last Visited: 4/24/2008
Bally Total Fitness Names Barry M. Deutsch to Replace Martin Franklin on Its Board of DirectorsBally Total Fitness
Bally Total Fitness
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Bally Total Fitness Names Barry M. Deutsch to Replace Martin Franklin on Its Board of Directors
CHICAGO--(BUSINESS WIRE)--May 5, 2004--Bally Total Fitness Holding Corporation (NYSE: BFT) announced today that it has named Barry M. Deutsch to its Board of Directors and Audit Committee.Mr. Deutsch joins Bally with nearly 20 years of experience in the healthcare, finance and mergers and acquisitions arenas.Mr. Deutsch is presently the chief financial officer at Ovation Pharmaceuticals, a Chicago-based specialty pharmaceutical company.Mr. Deutsch joined Ovation in 2001 and has been instrumental in Ovation's financings and acquisitions.Mr. Deutsch will replace Martin Franklin, who resigned earlier this week, citing time commitments.
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"We expect the addition of Barry to further strengthen our Board of Directors," said Paul Toback, Bally Total Fitness' chairman, president, and chief executive officer.
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Deutsch said, "I have been particularly impressed with what the Bally team has accomplished in the past 16 months.
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About Barry M. Deutsch:
Prior to joining Ovation Pharmaceuticals, Mr. Deutsch was a healthcare investment banker with Vector Securities International and Prudential Vector Healthcare Group where he assisted companies in the life sciences industry in raising capital and evaluating and negotiating mergers, acquisitions, and strategic alliances.Mr. Deutsch joined Vector Securities shortly after the firm was formed and, for the next 12 years, was a key contributor to the firm's growth that culminated in the sale of the firm to Prudential Securities and the creation of Prudential Vector Healthcare.Mr. Deutsch has significant experience working with large healthcare companies on acquisitions and divestitures, as well as experience with specialty pharmaceutical and biotechnology organizations.
Prior to joining Vector Securities, Mr. Deutsch was an Analyst in the corporate finance group of Salomon Brothers.Mr. Deutsch is a Certified Public Accountant, and he received an MBA degree from the Kellogg Graduate School of Management at Northwestern University and a BSE degree from the Wharton School of the University of Pennsylvania.Mr. Deutsch is 41 years old.