Brief

Wellpath Can Sell Struggling Hospitals For $1 In Ch. 11

By Emily Lever · April 9, 2025, 8:44 PM EDT

A Texas bankruptcy judge on Wednesday approved prison healthcare business Wellpath's request to sell two behavioral care-focused hospitals for $1, finding that the debtor had made the case that the facilities...

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Bankruptcy Scorecard

Summary

Nashville, Tennessee-based Wellpath filed for Chapter 11 with a lender agreement to shed some $500 million of its more than $600 million of funded debt in bankruptcy.

Case Number

4:24-bk-90533

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Wellpath Holdings, Inc.

Case Number

4:24-bk-90533

Court

Texas Southern

Nature of Suit

Date Filed

November 11, 2024

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