GoHealth files for Chapter 11
Medicare broker GoHealth announced that GoHealth and certain of its subsidiaries have voluntarily filed chapter 11 petitions with the United States Bankruptcy Court for the District of Delaware. The Plan will transition ownership of the company to certain of GoHealth’s lenders, reinstate the preferred equity of GoHealth, Inc., provide for payment in full of trade payables and other ordinary course obligations, provide a cash payment to holders of GoHealth common equity, protect GoHealth’s critical relationships with customers and health insurance carriers, and position GoHealth for future success.
GoHealth has already received votes in favor of the Plan from 100% of its lenders, over 60% of the holders of GoHealth, Inc. Class A Common Stock, and over 99% of the holders of GoHealth Holdings, LLC interests. While GoHealth believes these votes are sufficient for the Bankruptcy Court to confirm the Plan under the applicable requirements of the United States Bankruptcy Code, GoHealth anticipates that additional equityholders may vote to accept the Plan in the coming weeks.
GoHealth expects to proceed through the restructuring process “quickly and efficiently” given the significant support for its prepackaged Plan, with the expectation that it will emerge before the start of the 2026 annual enrollment period.
According to GoHealth’s Q1 2026 report preceding its bankruptcy, the company’s accumulated deficit reached $717.5 million. At December 31, 2025, the company reported cash and cash equivalents of $32.9 million and long term debt of ~$636 million. GoHealth went public in 2020, raising ~$913 million in gross proceeds.
“The steps we are taking today will provide GoHealth with new owners and a strong financial foundation. This restructuring will enable the Company to continue driving innovation to support Medicare consumers as they assess their current coverage and service needs, with agility and excellence, and to ensure personalized service with differentiated quality. We plan to continue operations without interruption and believe the support of our key financial partners demonstrates their confidence in our business and the opportunities ahead. We thank our customers, suppliers and business partners for their ongoing partnership and support, and our employees for their continued hard work and dedication. We believe that we will emerge from this process well positioned and look forward to further securing and serving our current members, driving cutting-edge innovation, and bolstering the integral role we play in the consumer value chain.” – Vijay Kotte, Chief Executive Officer of GoHealth.
