Welltodo Today: F45 Announces Financing Facility, Google’s Fitness Empire, Peloton & iFit Settle

Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.

Circuit Society signs first London franchise – will open in Dubai in 2023 | Leisure Opportunities news

Leisure Opportunities news: New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq ft (280sq m) micro-gym, run by franchisee Liz Benjamin, will open in August 2022 following a period of construction starting in June.

Peloton, NordicTrack maker iFit settle all litigation

NEW YORK, May 16 (Reuters) – Peloton Interactive Inc (PTON.O) and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents.

F45 Announces First-of-its-kind $150 Million Financing Facility to Accelerate Franchise Expansion in the U.S.

AUSTIN, Texas–()–F45 Training Holdings Inc. (NYSE:FXLV) (“F45” or the “Company”), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced a strategic financing facility with affiliates of Fortress Credit Corp. (“Fortress”). The new facility will allow the Company to immediately start offering eligible F45 franchisees access to growth capital to support the development of new F45 studios across the United States.

Hims & Hers Health, Inc. Reports First Quarter 2022 Financial Results and Raises Full Year 2022 Revenue Outlook

Quarterly revenue surpassed the $100 million mark to $101.3 million in Q1 2022, up 94% year-over-year Largest-ever quarterly gain in member subscriptions, increasing 101,000 in the quarter, ending Q1 2022 with 710,000 subscriptions, up 82% year-over-year Raises full year 2022 revenue guidance to the range of $410.0 million to $425.0 million and maintains Adjusted EBITDA guidance in the range of $(30.0) million to $(20.0) million Hims Hers Health, Inc.

Hyperice Furthers Commitment to Mental Wellness Through Hands-on, Data-driven Approach That Addresses the Mental Health Crisis

IRVINE, Calif.–()–As part of Mental Health Awareness Month in May, Hyperice, a global high-performance wellness brand, today announced the next step in the brand’s commitment to mental wellness to help individuals be at their best holistically at home and in the office through a new, innovative pilot study aimed at identifying, developing, and leading new pathways towards building mentally healthy workplaces.

Google is creating a new fitness empire with its Health Connect platform

Google and Samsung quietly revealed Health Connect last week, a new platform designed to share different kinds of health data across a variety of apps. We covered it last week , but don’t be surprised if you haven’t heard about it – it wasn’t revealed during the Google IO presentation, but rather on the Android Developers’ blog.

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