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Glocal Says UpHealth Coerced Acquisition In Ch. 11 Suit

By Clara Geoghegan ( July 9, 2024, 8:05 PM EDT) -- 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. . . .

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