Wellpath Reaches Global Settlement, Eyes Chapter 11 Exit

Wellpath has reached a global settlement with its Unsecured Claimholders’ Committee and Ad Hoc Lender Group on a consensual Plan of Reorganization.

• The deal resolves prior opposition with Committee now encouraging all general unsecured creditors to vote in favor of the amended plan ahead of the April 22, 2025 voting deadline
• The company now eyes Chapter 11 exit with reduced debt and broad stakeholder support ahead of its April 30 confirmation hearing
• NOTE: Wellpath Files for Bankruptcy, Recovery Solutions Ops Sale (1)

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Georgi Azar ...