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Life Time Group acquires Phoenix 10K, terms not disclosed

Life Time has acquired the Phoenix 10K. The company said, “As the race enters its 51st year, the transition marks a meaningful passing of the baton from renowned founder, Dr. Art Mollen, to Life Time-positioning the iconic event for continued growth for generations to come. Founded in 1976, the Phoenix 10K has been a cornerstone of the local running community for more than five decades. Built by Dr. Mollen into a beloved annual tradition, the event has welcomed generations of runners to Phoenix streets and neighborhoods.” As ownership transitions to Life Time, Dr. Mollen will remain actively involved as founder and ambassador.

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