Genetic testing company 23andMe has filed for Chapter 11 bankruptcy protection in a move aimed at restructuring operations and facilitating a court-supervised asset sale. Co-founder Anne Wojcicki has stepped down as CEO to position herself as an independent bidder for the company’s assets. The filing follows ongoing financial challenges, a major 2023 data breach, and shifts in the consumer health tech space.

Blink Fitness files for Chapter 11 bankruptcy to optimize operations and pursue a strategic sale while continuing to provide high-quality fitness experiences. Learn more about their next steps.