Behavioral Health Business March 19, 2024
UpHealth Inc. (OTCMKT: UPHL) is one step closer to becoming a dedicated behavioral health company with the sale of a technology asset for $180 million.
On March 15, the Delray Beach, Florida-based company completed the sale of its medical translation entity, Cloudbreak Health, to Chicago-based private equity firm GTCR LLC. Cloudbreak is headquartered in Columbus, Ohio.
“This transaction is one more critical milestone in the last three years of UpHealth, Inc.’s journey to focus the company on its strategic core and most profitable businesses,” Dr. Avi Katz, board chairman and founder of GigCapital Global, said in a statement. “Moving forward, we will focus solely on the very important purposed behavioral health business as we enhance investments in the profitable TTC...
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