Wellpath Emerges from Chapter 11 to Lead a New Era in Correctional Healthcare

Wellpath (the “Company”), the nation’s leading provider of compassionate healthcare to vulnerable patients in correctional facilities, announced today that it successfully emerged from chapter 11 and completed its financial restructuring process.

As part of this emergence, Wellpath transitioned ownership to a group of its current and former lenders (the “Ad Hoc Lender Group”), establishing a strong financial foundation for the Company. This ensures continued delivery of dependable health care services to patients in correctional facilities and demonstrates the Ad Hoc Lender Group’s commitment to the ongoing success of the Company. Wellpath’s deleveraged capital structure enables the Company to continue leading the correctional healthcare industry, delivering reliable, evidence-based, patient-centric care.

“Wellpath stands out in the correctional healthcare space by continuously improving our processes and delivering evidence-based care to those we serve, and we emerge best-positioned to continue setting the pace and standards for the industry,” said Ben Slocum, Chief Executive Officer at Wellpath. “Wellpath is a stronger, more agile business ready to achieve our shared goals with our partners to treat every patient with the dignity they deserve and ensure every provider feels proud of the care they administer.”

He continued, “We are incredibly grateful to our teams for their dedication to our clients and patients and for their trust, as well as our new owners and advisors for their continued partnership throughout this successful restructuring process. We look forward to remaining a critical healthcare provider for many years to come.”

For more information about Wellpath’s chapter 11 cases, including the terms of the transactions consummated in connection with the Company’s emergence, please visit https://dm.epiq11.com/case/wellpath/info.

Wellpath was advised in this matter by McDermott Will & Emery as legal counsel, Lazard and MTS Health Partners as investment bankers, and FTI Consulting as restructuring advisor. The Ad Hoc Lender Group was advised by Akin Gump Strauss Hauer & Feld LLP as legal counsel, Ankura Consulting Group, LLC, as financial advisor, and Houlihan Lokey Capital, Inc., as investment banker.

About Wellpath

Wellpath is the premier provider of quality, localized, patient-focused healthcare to local, state, and federal correctional facilities. We hold patients at the center of everything we do and promote rigorous standards of care and innovation. With an extensive network of clinicians and professionals in thirty-seven states across the U.S., Wellpath provides medical and mental healthcare services to over 200,000 patients daily in more than 350 locations. Learn more about our comprehensive correctional healthcare solutions at wellpathcare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250512320637/en/