April 04, 2006 03:59 PM Eastern Time
Steiner Leisure Limited Announces Completion of Acquisition of Utah College of Massage Therapy
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NASSAU, Bahamas--(BUSINESS WIRE)--April 4, 2006--Steiner Leisure Limited (Nasdaq:STNR), today announced that it has completed its previously announced acquisition of Utah College of Massage Therapy, Inc., which operates a post-secondary massage therapy school with a total of seven campuses located in Arizona, Colorado, Nevada and Utah.
While the acquisition transaction for these schools has been closed, post-closing review by the U.S. Department of Education and other educational agencies remains pending.
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 122 cruise ships, and in 56 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Line, Caesars Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton Hotels, Holland America Line, Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises and Royal Caribbean Cruises. Our Elemis Limited subsidiary manufactures its Elemis(R) brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs and destination spas. Elemis(R), as well as other Steiner products, including La Therapie(R), Ionithermie and Steiner Hair Care, are available at http://www.timetospa.com.
Steiner Leisure now owns and operates four post-secondary schools (comprised of a total of 14 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; and Westminster and Aurora, Colorado. Offering degree and non-degree programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities.