UpHealth, Inc.: going-concern / distress — UpHealth subsidiaries Thrasys and BHS file Chapter 11; parent, Cloudbreak, TTC operate normally

UpHealth, Inc.

Thrasys, Inc. and BHS (Behavioral Health Services LLC) filed Chapter 11 on Oct 20, 2023, joining UpHealth Holdings' Sept 19 filing.
Parent UpHealth (NYSE: UPH) and units Cloudbreak Health and TTC Healthcare did not file and continue normal operations.
Filing follows summary judgment in favor of Needham & Company LLC; Thrasys filing aims to meet immediate cash needs.
Debtors seek joint administration; intend to pay vendors post-filing in full.
BHS had previously discontinued operations earlier this year.

item 1.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

UpHealth, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-20).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-10-20

Exact text from the filing

On October 20, 2023 (the “Petition Date”), Thrasys, Inc., a California corporation and a wholly-owned direct subsidiary of UpHealth Holdings, and its sole subsidiary, Comprehensive Care Alliance, LLC, a California limited liability company (collectively, “Thrasys”), and Behavioral Health Services LLC, a Missouri limited liability company and a wholly-owned direct subsidiary of UpHealth Holdings, and each of the subsidiaries of Behavioral Health Services LLC (collectively, “BHS” and together with UpHealth Holdings and Thrasys, the “Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (together with the UpHealth Holdings Chapter 11 Case, the “Chapter 11 Cases”) in the Bankruptcy Court.

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001193125-23-259732

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.