GoHealth, Inc. — Representation of GoHealth, Inc. and seven of its affiliates (GoHealth) in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. GoHealth is a leading health insurance marketplace and Medicare-focused digital health company that leverages its proprietary technology to assist consumers searching for a Medicare health plan, and certain other insurance products, that meet their individual needs. GoHealth commenced its Chapter 11 cases, with the support of 100% of its prepetition lenders and over 75% of its equityholders in the aggregate, to implement a comprehensive restructuring transaction designed to address over $1 billion in debt obligations. The prepackaged plan will transition ownership to GoHealth's lenders, leave all general unsecured claims unimpaired, reinstate all preferred equity interests and provide a $10 million cash recovery to be distributed pro rata to common stockholders.
InterMed — Representation of InterMed Group, Inc. and certain of its affiliates (InterMed), an industry leader in healthcare technology management services, in a fully consensual out-of-court restructuring transaction that transferred ownership of InterMed’s business to its secured lender in exchange for the elimination of approximately $90 million of outstanding secured indebtedness.
