Prison Health Co. Wellpath Gets OK For $395M Ch. 11 Sale

By Ben Zigterman · January 8, 2025, 6:49 PM EST

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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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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