UpHealth has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware
Portfolio Pulse from Benzinga Newsdesk
UpHealth has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The company intends to use the court-supervised process to mitigate financial impact and facilitate a fair resolution through an appeals process following a trial court decision. UpHealth expects to continue operating normally.
September 19, 2023 | 12:04 pm
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UpHealth has filed for Chapter 11 bankruptcy, which could potentially impact its financial stability and stock price.
Bankruptcy filings typically have a negative impact on a company's stock price as it indicates financial distress. Investors may lose confidence in the company's ability to generate profits, leading to a potential sell-off of the stock.
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