What the Reorganization Plan Delivers
According to filings, the proposed plan would distribute:
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$82.5 million to general unsecured claim holders
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$236.4 million to intercompany claim holders
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Roughly $29 million to noteholders of senior secured notes due 2025
The reorganization is designed to stabilize UpHealth’s balance sheet and salvage value after years of costly disputes and strategic missteps.
Legal Heavyweights in the Case
UpHealth is represented by Stuart M. Brown, Richard A. Chesley, Jamila Justine Willis, and David M. Riley of DLA Piper.
Glocal’s camp is led by Michael J. Barrie, John C. Gentile, Steven L. Wash, and Juan E. Martinez of Benesch Friedlander Coplan & Aronoff LLP, along with Stephen Hessler, Anthony Grossi, Bhushan Satish, Gregory M. Williams, Jackson T. Garvey, Rebecca B. Shafer, and Daniela Rakowski of Sidley Austin LLP.
Neither side responded immediately to requests for comment.
A Fragile Truce in a High-Stakes Fight
The UpHealth Chapter 11 Glocal deal may have ended a $200 million clash, but it also underscores how fragile corporate alliances can be when ambitious mergers collapse. For UpHealth, it could mark the beginning of a long-awaited path out of bankruptcy—while for Glocal, it represents a costly retreat from a bruising transnational legal war.
