---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-006679"
form_type: "8-K"
ticker: null
cik: "0001640265"
company_name: "GPB Holdings II, LP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:21:03.506378+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GPB Holdings II sells HPI Holdco for $190M cash; board adopts liquidation plan

## Summary
- Completed sale of all equity interests of HPI Holdco to Lotus HPI Buyer for $190M cash, less adjustments, escrows and holdbacks.
- Sale includes HealthPrime International; Technology-Enabled Services segment reported as discontinued operations.
- Board commences plan to liquidate remaining net assets and wind up the Partnership; adopts liquidation accounting as of Dec 31, 2023.
- Director Joseph LaPorta resigns effective Jan 19, 2024; departure not due to any disagreement.

## SEC filing metadata
- accession: 0001104659-24-006679
- form_type: 8-K
- cik: 0001640265
- company_name: GPB Holdings II, LP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640265/000110465924006679/0001104659-24-006679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640265/000110465924006679/tm244128d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-006679
- JSON: https://secwatch.observer/filing/0001104659-24-006679.json
- Plain text: https://secwatch.observer/filing/0001104659-24-006679.txt

## Key facts
- Executive change
  Joseph LaPorta resigned as Director at GPB Holdings II, LP.
  - Action: resigned
  - Role: Director
  source text: On January 19, 2024, Joseph LaPorta notified the Partnership of his decision to resign effective immediately from the Board which oversees the management related to the Partnership’s affairs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640265/000110465924006679/0001104659-24-006679-index.htm
- M&A Transactions
  GPB Holdings II, LP completed a disposition involving Lotus HPI Buyer, Inc. for $190 million in cash (closed 2024-01-19).
  - Action: disposition
  - Counterparty: Lotus HPI Buyer, Inc.
  - Consideration: $190 million in cash
  - Closing: 2024-01-19
  source text: Agreement”) previously announced by the Partnership in a Current Report on Form 8-K filed on December 21, 2023. At the closing of the Transaction, Purchaser paid Seller $190 million in cash (the “Purchase Price”), less applicable adjustments, escrows and holdbacks. In addition, pursuant to the Purchase Agreement, at the closing of the Transaction,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640265/000110465924006679/0001104659-24-006679-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.