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UpHealth Inc - UPH STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UpHealth's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UpHealth's position in the market.

Rhea-AI Summary
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 provides update on legal action with Needham & Co., court grants summary judgment in favor of Needham, ordering UpHealth to pay $31,345,000 in fees plus interest. UpHealth exploring options including settlement and appeal. Company remains focused on mission of improving healthcare.
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UpHealth Inc

NYSE:UPH

UPH Rankings

UPH Stock Data

5.33M
5.77M
47.01%
28.78%
3.54%
Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
Professional, Scientific, and Technical Services
Link
United States
Delray Beach

About UPH

uphealth is built by forward-thinking industry experts bringing together a comprehensive platform to patients seeking medical care at any location.