RestructuringJun 8, 2026, 06:11 AM
GoHealth Files Prepackaged Chapter 11; CEO Awarded $2.87M
AI Summary
GoHealth, Inc. and certain subsidiaries filed voluntary Chapter 11 petitions on June 7, 2026, to implement a prepackaged reorganization plan. The plan has significant support from 100% of lenders, over 60% of Class A common stock holders, and over 99% of GoHealth Holdings, LLC unit holders. The company expects to continue operations without interruption and emerge from restructuring before the 2026 annual enrollment period. Additionally, CEO Vijay Kotte received a $2.87 million cash performance award related to the Chapter 11 filing, and the Class A common stock is expected to be delisted from Nasdaq.
Key Highlights
- GoHealth and certain subsidiaries filed voluntary Chapter 11 petitions on June 7, 2026.
- Prepackaged plan supported by 100% of lenders and over 60% of Class A common stock holders.
- Over 99% of GoHealth Holdings, LLC unit holders also support the plan.
- CEO Vijay Kotte received a $2.87 million cash performance award related to the filing.
- Chapter 11 filing triggered default on Superpriority and other Credit Agreements.
- Company expects to continue operations and emerge before the 2026 annual enrollment period.
- Class A common stock is expected to be delisted from The Nasdaq Global Market.
Price Impact
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