UpHealth Inc (CE) (UPHL) Noticias

Sept 24th 10am is the hearing for sale of TTC Health ...estimates are from $80M to $150M . Grabbed some lotto shares @ .25 link for court documents. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47493/896a6f1f-297c-48ba-984d-89e7436a620b_858.pdf

UPH changed to UPHLQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

No…just a turd in general

What a shorted turd….

Vol Chap 11.

That $56M asset sale is almost twice as big as the market cap was at the close Las Friday.

Sold part of their company for 56 million and still down. Wtf haha

Once a $10 SPAC.

Down Health.

New filing today:


Item 1.01.
Entry into a Material Definitive Agreement.

Commercial Agreement with McKinsey

On March 15, 2022 UpHealth, Inc. and its affiliates (“UpHealth”) entered into a Commercial Agreement (the “Commercial Agreement”) with McKinsey & Company, Inc. United States and its affiliates (“McKinsey” and together with UpHealth, the “Parties”), effective as of March 4, 2022. The Commercial Agreement provides that McKinsey will assist in implementing a transformation of UpHealth (the “Project”) and will bring to bear a broad array of personnel, which may include third parties, in support of the Project. McKinsey’s use of third parties for the Project is subject to UpHealth’s approval, and unless the Parties agree otherwise, McKinsey will manage such third parties and bear any third-party fees or expenses. To ensure a successful collaboration, UpHealth, with McKinsey’s support and assistance, will dedicate sufficient UpHealth staff and resources to lead and perform the Project in accordance with agreed timelines.

As consideration for the services performed under the Commercial Agreement, UpHealth will pay McKinsey (i) a fixed fee of $3,000,000, (ii) a fee of $1,200,000, reflecting an amount deferred from a previously completed project, (iii) up to $3,000,000 of fees based on the achievement of certain milestones and (iv) incentive fees with a target value of $3,000,000 based on the achievement of certain targets. UpHealth will be responsible for all Taxes (as defined in the Commercial Agreement) on any amounts payable by UpHealth pursuant to the Commercial Agreement. All amounts invoiced pursuant to the Commercial Agreement are exclusive of applicable taxes, and all payments made by UpHealth to McKinsey thereunder will be made without setoff or counterclaim, free and clear, and without deduction or withholding of any Taxes. The Commercial Agreement will remain in effect until March 31, 2024, unless earlier terminated by either party in accordance with the terms set forth therein. In the event that the Project is terminated by UpHealth, or by McKinsey for cause, UpHealth shall pay to McKinsey a termination fee in an amount that is to be determined based in part on when the termination occurs and the amount previously paid.

The foregoing description is only a summary of the Commercial Agreement and is qualified in its entirety by reference to the full text of the Commercial Agreement, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference. The Commercial Agreement is included as an exhibit to this Current Report in order to provide investors and security holders with material information regarding its terms. The Commercial Agreement is not intended to provide any other factual information about UpHealth or McKinsey.



Item 9.01
Financial Statements and Exhibits.

(d) Exhibits:



Exhibit
No. Item
10.1 † McKinsey Project Commercial Agreement, dated March 15, 2022, by and between UpHealth, Inc. and its affiliates and McKinsey & Company, Inc. United States and its affiliates.

Most SPAC drop after the merge.

Any idea why UPH dropped so much from the opening of trading after reverse merging from a SPAC?

2.36 gearing up high and higher

Article is about a month old but worth a read:

https://www.fool.com/investing/2021/08/24/will-telehealth-stocks-thrive-after-covid/

https://www.prnewswire.com/news-releases/uphealth-expands-globally-by-signing-partnership-to-bring-state-of-the-art-healthcare-to-the-democratic-republic-of-congo-301383704.html

“UpHealth delivers state-of-the-art healthcare to the Democratic Republic of Congo”

It is very, very encouraging to see some press on UpHealth’s multi-pronged path forward—delivering needed services, receiving a modest profit for their efforts AND BEING IN ONE OF THE ONLY POSITIONS TO DO SO, WORLD WIDE, AT SCALE.

This one contract increases UpHealth’s annual revenue (based on 2021 projected earnings) by 7%, each year, for five years.

Why not invest. Why would you bet against.

$UPH: Interesting buys here at $5.55


Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm



Lets seeeeeeeeeeeeee




https://www.businesswire.com/news/home/20210615005473/en/Cloudbreak-Health-Announces-Business-Combinations-with-UpHealth-Inc.-and-UpHealth-Holdings-Inc.



GO $UPH

If another human were to join this UpHealth board (lol), I could ask if they had a guess on whether last night’s new form 4’s were connected to the original SPAC deal and/or distribution of shares? or, were these new purchases by the exec’s of UpHealth?

Just crickets.

Is anyone else seeing these Form 4’s coming in?