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Executive Summary

GoHealth has initiated a voluntary prepackaged Chapter 11 restructuring with support from 100% of its lenders, over 60% of Class A common stockholders, and over 99% of GoHealth Holdings LLC interest holders. The plan will transfer ownership to lenders, reinstate preferred equity, pay trade payables in full, and provide a cash payment to common equity holders, while the company expects to emerge before the 2026 annual enrollment period. The Class A common stock will be delisted from Nasdaq and may trade on the OTC market.

Key Facts

• GoHealth filed voluntary prepackaged Chapter 11 petitions in the District of Delaware on June 7, 2026.
• The restructuring plan has support from 100% of lenders, over 60% of Class A common stockholders, and over 99% of GoHealth Holdings LLC interest holders.
• Ownership will transition to certain lenders; common equity holders will receive a cash payment but existing equity interests (other than Series A preferred) will be canceled.
• Trade payables and other ordinary course obligations will be paid in full.
• Class A common stock will be delisted from Nasdaq and may be quoted on the OTC market.
• Company expects to emerge before the 2026 annual enrollment period and continue operations without interruption.

Financial Impact

Common equity holders face near-total loss of ownership; specific cash payment amount to common holders not disclosed. Trade payables to be paid in full.

Risk Factors

• Bankruptcy court may not confirm the plan as proposed.
• Delisting from Nasdaq will reduce liquidity and may eliminate common equity value.
• Operational disruptions during Chapter 11 process could affect customer relationships and carrier partnerships.
• Existing common equity holders will lose their ownership and voting rights under the plan.

Market Snapshot

Investment Themes

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

US Market Status