Published 1 month ago

The International Court of Arbitration awarded UpHealth Holdings more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems - UpHealth (OTC:UPHL)

Summary by Ground News

The dispute arose out of Holdings' acquisition of Glocal pursuant to a Share Purchase Agreement dated October 30, 2020. The Tribunal found that the Respondents "failed to give [Holdings] control of [Glocal]" after the closing of the acquisition. The Respondents were held personally liable.

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The International Court of Arbitration awarded UpHealth Holdings more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems - UpHealth (OTC:UPHL)

DELRAY BEACH, Fla., March 20, 2024 (GLOBE NEWSWIRE) -- UpHealth, Inc. ("UpHealth") (OTC:UPHL), a global digital health company delivering a full continuum of behavioral health solutions through the utilization of evidence-based treatments and services, today provided an update on the arbitration brought by UpHealth Holdings, Inc., a wholly-owned direct subsidiary of UpHealth ("Holdings"), against Glocal Healthcare Systems ("Glocal") and severa…

1 month ago·New York, United States

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