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UpHealth, Inc. - UPH STOCK NEWS

Welcome to our dedicated page for UpHealth news (Ticker: UPH), a resource for investors and traders seeking the latest updates and insights on UpHealth stock.

UpHealth, Inc. (UPH) delivers integrated digital health solutions through telehealth platforms and evidence-based treatment programs. This news hub provides investors and stakeholders with official updates on corporate developments, clinical initiatives, and strategic partnerships.

Access timely press releases, earnings reports, and operational updates covering UpHealth's behavioral health services, including mental health programs, substance use disorder treatments, and digital care coordination advancements. Our curated collection features announcements about service expansions, technology implementations, and healthcare provider collaborations.

This resource enables efficient tracking of UpHealth's progress in merging clinical expertise with digital innovation. Users can monitor updates about care delivery models, regulatory compliance milestones, and health system partnerships. Bookmark this page for direct access to verified information about UPH's position in the evolving digital healthcare market.

Rhea-AI Summary

UpHealth (NYSE: UPH) announced significant leadership changes on July 15, 2024. Jay Jennings, the current CFO, has been appointed as Acting Chief Executive Officer, replacing Martin Beck, who resigned on July 10. The company also promoted Lisa Fluxman to President of TTC Healthcare and reaffirmed Jeremy Livianu as Chief Legal Officer and Secretary.

These organizational changes, effective July 11, 2024, come as part of UpHealth's ongoing restructuring efforts and attempts to resolve legal challenges. The Board of Directors expressed confidence in the new leadership team's ability to navigate the company through its current situation. Martin Beck also resigned from his position as a Class I director, with the Board deciding not to fill this vacancy at present.

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UpHealth, Inc. announces a favorable arbitration outcome against Glocal Healthcare Systems resulting in a $110.2 million damages award. The arbitration tribunal found Glocal liable for breach of contract, directing them to pay damages and legal costs to UpHealth Holdings, Inc. UpHealth is focused on collecting the award and enhancing stockholder value.
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UpHealth, Inc. completes the sale of Cloudbreak Health, for $180 million to focus on profitable core businesses. The proceeds will be used to pay debts and closing expenses, marking a strategic shift in the company's direction.
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UpHealth, Inc. (UPH) has resumed trading on the NYSE after disclosures provided in the November 20, 2023 filings. The stock resumed trading on November 21, 2023, at market open.
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UpHealth, Inc. (UPH) posts strong year-over-year revenue growth in telehealth and behavioral health businesses, with gross margin expanding to 54% and $5.4 million in adjusted EBITDA. The company reviews in detail the voluntary Chapter 11 protection filings of one division of UpHealth, Inc., UpHealth Holdings, Inc., and certain of its subsidiaries. They have entered into a definitive agreement for the sale of Cloudbreak Health business to GTCR for $180 million and are simplifying strategy to focus on profitable TTC, behavioral healthcare business.
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UPH - GTCR to Acquire Cloudbreak Health, LLC from UpHealth, Inc. for $180 Million - GTCR, a private equity firm, has signed a definitive agreement to acquire Cloudbreak Health, LLC from UpHealth, Inc. for $180 million. The transaction is expected to close in Q1 2024. Cloudbreak is a leading provider of tech-enabled, healthcare-focused language interpretation services, offering a HIPAA-compliant Video Remote Interpretation solution in over 250 languages. GTCR plans to invest in Cloudbreak's technology and enhance its product offering to meet evolving clinician and patient needs.
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UpHealth, Inc. (NYSE: UPH) has entered into a definitive agreement to sell its subsidiary Cloudbreak Health, LLC to GTCR for $180 million in cash. The proceeds will be used to pay off unsecured and secured debt, allowing the company to focus on TTC Healthcare, a growing, cash flow positive behavioral health business. The sale is expected to close in the first half of 2024, pending regulatory and stockholder approvals.
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UpHealth, Inc. announces that its subsidiary Thrasys, Inc. has filed for Chapter 11 bankruptcy protection. UpHealth and its other subsidiaries, Cloudbreak Health, LLC and TTC Healthcare, Inc., are not affected and continue to operate normally.
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Martin Beck appointed CEO, replacing Samuel Meckey. UpHealth announces elimination of 20 corporate roles.
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UpHealth, Inc. subsidiary files for Chapter 11 bankruptcy following a trial court decision, but expects to continue operating as usual. The company remains confident in its future prospects and aims to protect stakeholders' interests through an appeals process. UpHealth's subsidiary will file first day motions to continue business without interruption.
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UpHealth, Inc.

NYSE:UPH

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