November 17, 2023
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.
November 06, 2023
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.
October 24, 2023
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.