Becker's Healthcare January 10, 2025
A federal bankruptcy court judge has approved the sale of Wellpath’s behavioral health division.
In November, Wellpath, one of the largest providers of physical and mental healthcare in U.S. prisons, filed for bankruptcy. In a Nov. 12 news release, the company said it planned to sell its recovery division to a group of its lenders.
U.S. Bankruptcy Judge Alfredo Perez approved the sale Jan. 8, according to a recording of the court proceedings. The division was sold for $395 million, wiping...
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