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Wellpath, a health care provider for hospitals, prisons and jails, has been dogged by wrongful death and medical negligence suits. What happens to those cases now that it has filed for bankruptcy?
Wellpath, the private company that provides health care in Ventura County jails and hundreds of other prisons and jails nationwide, has filed for bankruptcy protection while it reorganizes its ...
Wellpath, a health care provider for hospitals, prisons and jails, has been dogged by wrongful death and medical negligence suits. What happens to those cases now that it has filed for bankruptcy?
The settlement will provide $15.5 million to junior creditors, give them a 33.3% equity stake in the reorganized company and provide other benefits, Wellpath’s attorneys said at a bankruptcy ...
Nashville-based Wellpath has declared bankruptcy after reporting it fell into more than $600 million in debt because of legal bills and COVID-19 driving up the cost of healthcare labor and supplies.
Wellpath filed for bankruptcy in November 2024 with $644 million in debt. The company was facing over 1,500 lawsuits alleging that Wellpath provided deficient medical care to prisoners, ...
Wellpath CEO Ben Slocum said in a press release the culmination of COVID-19 pandemic challenges, high inflation and rising interest rates left Wellpath in crippling debt–more than $644 million ...
In a press release announcing the bankruptcy, Wellpath CEO Ben Slocum attributed the company’s financial difficulties to a series of challenges initially caused by COVID-19, including unexpected ...
Wellpath is named in 1,000 federal lawsuits, pending and closed, across the United States and accused of contributing to at least 70 deaths, a CNN investigation revealed in 2019. In Charlotte’s ...
Wellpath says it has secured up to $522 million from lenders to support business operations during the bankruptcy process. It will also try to once again sell parts of its business.
Legal proceedings in such cases can take years in normal circumstances, but Wellpath’s bankruptcy means dozens of those cases, like the Capaci case, are on hold for the foreseeable future.