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ClassPass has been criticized for undercutting the business model of the health clubs that it relies on, with a 2015 article in The New York Times describing it as a "middleman" between consumers and health clubs, and arguing that a "power imbalance" exists between the health clubs' owners and ClassPass which mirrors the relationship with other digital intermediary services such as Amazon.com ...
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Mindbody ClassPass is aiming to go public in the next 12-18 months and has retained Goldman Sachs as its lead banker, the CEO of the fitness and wellness marketplace told Reuters in an interview.
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Mindbody, Inc. is a San Luis Obispo, California-based software-as-a-service company that provides cloud-based online scheduling and other business management software for the wellness services industry.
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