UpHealth Holdings, Inc.

  1. July 18, 2024

    UpHealth Pitches Ch. 11 Sale Of Behavioral Health Sub

    UpHealth Holdings Inc. has asked a Delaware bankruptcy judge to approve proposed bidding procedures governing the sale of the debtor's equity in non-debtor subsidiary TTC Healthcare, a behavioral health company that offers drug detoxification treatments and other services, saying the sale will redound to the value of the estate.

  2. July 09, 2024

    Glocal Says UpHealth Coerced Acquisition In Ch. 11 Suit

    Indian healthcare network Glocal said its majority owner, bankrupt telemedicine tech company UpHealth, lied about business delays and exaggerated its finances as leverage in a 2020 acquisition, alleging in a Delaware bankruptcy court lawsuit that UpHealth and its executives eroded $200 million in value and failed to uphold their end of a share purchase agreement.

  3. April 24, 2024

    UpHealth Wants Out Of Ex-Shareholder Claims In Ch. 11

    Bankrupt healthcare company UpHealth and its bankrupt subsidiary Thrasys Inc. have asked a Delaware bankruptcy court to toss claims filed by the representative for the former shareholders of Thrasys, saying it dropped the ball on tax litigation and never indemnified UpHealth for the associated legal fees.

  4. March 29, 2024

    Judge Axes UpHealth's Claim Estimation Bid In Bankruptcy

    A Delaware bankruptcy judge denied UpHealth Holdings Inc.'s request to treat a potential liability claim as worth nothing, saying the company hadn't shown that the bankruptcy case would be hindered if a state court was left to decide the claim's value.

  5. January 19, 2024

    UpHealth's 'Full Pay' Ch. 11 Plan On Horizon, Committee Says

    Bankrupt medical tech company UpHealth is in talks with its official committee of unsecured creditors to submit a Chapter 11 plan by the end of April that would pay unsecured debts in full, the committee told a Delaware bankruptcy court in a statement supporting UpHealth's request to extend its exclusive plan filing window.

  6. November 17, 2023

    UpHealth To Sell Telehealth Biz To GTCR For $180M In Ch. 11

    The parent company of bankrupt telehealth company UpHealth Holdings Inc. has inked a deal to sell the debtor's nonbankrupt sister subsidiary Cloudbreak Health LLC to private equity firm GTCR for $180 million, the debtor told a Delaware bankruptcy judge Friday.

  7. November 06, 2023

    UpHealth Seeks Ch. 11 Retention Bonuses To Help Sale Efforts

    Bankrupt telehealth company UpHealth has asked a Delaware bankruptcy court to allow $1.3 million in retention payments for employees of its health care management software subsidiary Thrasys to keep its products running amid asset sale talks.

  8. October 24, 2023

    Med-Tech Co. UpHealth And 6 Units Get OK For Joint Ch. 11

    Digital health care company UpHealth Holdings Inc. can include six affiliates offering psychiatric treatment and other services in its bankruptcy case, a Delaware bankruptcy judge said Tuesday, more than a month after the debtor hit Chapter 11 citing the fallout of a failed legal battle with former financial adviser Needham & Co. LLC.