March 2, 2023

UpHealth CEO, Sam Meckey, shared: “Our fourth quarter and full year results reflect solid growth and healthy margins. While we are pleased with the year over year growth achieved in both the fourth quarter and the full year, we missed our targets. Because of this, we conducted a comprehensive review and have developed a plan to recalibrate our business and reduce our cost structure moving forward. We are focused on conserving capital, rationalizing poorly performing legacy businesses, executing against our strategic plan, and enhancing our focus on free-cash-flow generation…”

February 27, 2023

UpHealth Chief Executive Officer Sam Meckey commented, “Today’s announcement is the result of a commitment to our focus on building a modern integrated platform based on our Telehealth, Integrated Care, and Behavioral Health businesses. This comes on the heels of a complete rationalization and transformation of our business. Our goal is to establish a solid foundation as a technology and technology-enabled services business that can sustainably scale. The divestiture of the well-performing IGI represents a major step forward in sharpening our focus, and a significant milestone as we concentrate on the segments with the greatest opportunity for growth.”