Wellpath's bankruptcy filing is significant as the company, burdened by over $644 million in debt, seeks to realign its extensive mental health services while aiming to reduce its obligations by selling parts of its operations.
By offering healthcare to nearly 200,000 patients daily across 39 states, Wellpath's business model heavily integrates with the correctional system, reflecting the broad reliance on their services in jails and prisons, which can complicate potential service transitions.
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