Wellpath Holdings, Inc.
Case Number:
4:24-bk-90533
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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January 08, 2025
Prison Health Co. Wellpath Gets OK For $395M Ch. 11 Sale
A Texas bankruptcy judge has approved a nearly $400 million sale of prison healthcare provider Wellpath's behavioral health division, Recovery Solutions.
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December 16, 2024
Judge Kills Infowars Sale, BigLaw Firms Duck Suit
A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed.
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December 11, 2024
Prison Health Co. Wellpath's $362M Ch. 11 Loan Gets OK
A Texas bankruptcy judge on Wednesday approved prison healthcare provider Wellpath Holdings Inc.'s bid to borrow $362.3 million in Chapter 11 financing after the company trimmed part of the funding to resolve an objection from the U.S. Department of Justice's bankruptcy watchdog.
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December 04, 2024
Behind Prison Health Co. Wellpath's Ch. 11
Wellpath Holdings Inc., one of the largest companies that provide healthcare services to incarcerated individuals in the U.S., recently hit Chapter 11 in Texas with more than $1 billion in debt, saying it was dragged down by rising costs, lawsuits brought by its patients and a heavy debt load despite raking in $2 billion in revenue in 2023.
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November 18, 2024
Prison Health Co. Wellpath Gets OK For December Auction
A Texas bankruptcy judge said he would approve the bidding procedures for the assets of prison healthcare provider Wellpath and set a December auction for its behavioral health division, Recovery Solutions.
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November 14, 2024
Meet The Attorneys In Wellpath's Ch. 11 Case
Prison healthcare provider Wellpath Holdings has called on attorneys from McDermott Will & Emery LLP to help guide its Chapter 11 case as the company angles to trim $500 million from its more than $644 million in funded debt by selling off its behavioral health arm.
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November 13, 2024
Catching Up With New Bankruptcy Case Action
Former used-car retailer Vroom, prison healthcare provider Wellpath and film production services company Film Finances have all filed for Chapter 11 bankruptcy protection, citing economic difficulties in the wake of the COVID-19 pandemic.
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November 12, 2024
Prison Healthcare Co. Wellpath Hits Ch. 11 With Sale Plans
Prison healthcare provider Wellpath has filed for Chapter 11 protection in a Texas bankruptcy court, saying it has an agreement with the majority of its secured lenders for a sale plan that will trim $500 million of its more than $644 million in funded debt.