GoHealth, Inc. completed its prepackaged Chapter 11 restructuring and emerged from bankruptcy on July 21, 2026, a process that cancels all existing common stock and transfers full ownership of the reorganized entity to its former first-lien lenders. The company has also converted from a Delaware corporation into a private limited liability company named New GoHealth, LLC, and intends to promptly deregister its securities and suspend its SEC reporting obligations.
The plan, confirmed by the U.S. Bankruptcy Court for the District of Delaware, became effective roughly six weeks after the company and its debtor affiliates filed voluntary Chapter 11 petitions on June 7, 2026. The restructuring was structured as a prepackaged plan, meaning key creditor groups had already agreed to its terms before the filing, allowing for a relatively swift trip through the court system.
Treatment of existing equity
Under the confirmed plan, all outstanding shares of GoHealth Class A and Class B common stock, along with restricted stock units and other equity awards, were cancelled and discharged. Holders of Class A common stock and certain GoHealth Holdings interests will receive a pro rata share of an approximately $10.3 million cash equity recovery pool. Holders of Class B common stock receive no recovery. The company’s Series A redeemable convertible preferred stock was reinstated and converted into preferred membership interests in the reorganized entity with substantially the same terms.
New ownership and governance
The former holders of first-lien claims received 100% of the new common membership interests in Reorganized GoHealth, subject to dilution from a future management incentive plan. The company’s existing board of directors dissolved upon emergence, and a new four-member board was appointed: Vijay Kotte, Scott Avila, Neal Goldman, and Conor Colpoys. Vijay Kotte will also serve as Chief Executive Officer.
New capital structure
To fund the exit and ongoing operations, the reorganized company entered into a new senior secured credit agreement providing for a takeback facility totaling approximately $782.2 million. This consists of a $20 million new money term loan, a roughly $173.9 million senior takeback facility issued to former super-priority lenders, and an approximately $588.3 million junior takeback facility issued to former first-lien lenders. The loans mature in five years, accrue interest at Term SOFR plus 5.50% with a 3.00% floor, and are secured by a first-priority lien on substantially all of the loan parties’ assets. Interest on the junior facility will be paid in kind.
The company’s previous credit agreements, including the superpriority facility from August 2025 and the original 2019 credit agreement, were cancelled. An amendment to the Tax Receivable Agreement ensures the bankruptcy did not trigger a change-of-control payment and prevents any future payments that would breach the reorganized company’s financing arrangements.
Going private
The new common membership interests will not be listed on any national securities exchange or registered with the SEC. GoHealth’s Class A common stock was already delisted from Nasdaq earlier in July. The company plans to file a Form 15 to formally terminate its registration and suspend its periodic reporting obligations, meaning this 8-K filing is among the last public disclosures investors will receive from the former public company.