WeightWatchers filed for Chapter 11 bankruptcy on Tuesday to eliminate $1.15 billion in debt, according to NPR. Parent company WW International Inc. said it has support from nearly 75 of debt holders and expects to emerge from bankruptcy within 45 days. In 2023, it acquired Sequence for $106 million, rebranding it as WeightWatchers Clinic, a telehealth platform that helps customers access prescriptions for drugs like Ozempic, Wegovy, and Trulicity. WeightWatchers reported a 10 drop in first-quarter revenue and a 47-cent adjusted loss per share, but saw clinical subscription revenue rise 57 year over year to $29.5 million.