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BowFlex Files for Chapter 11 Bankruptcy, Agrees to Sell for $37.5 Million

The home fitness equipment company BowFlex, based in Vancouver, Washington, filed for Chapter 11 bankruptcy on Tuesday, March 5, 2024. Per Reuters, part of the filing was an agreement of sale to Johnson Health Tech for $37.5 million. Per court filings, BowFlex’s downfall was a roller coaster of events that stemmed from the home fitness boom during the…