LifeScan Gets Initial OK On Ch. 11 Deal To Cut Over $1B Debt

By Alex Wittenberg · October 20, 2025, 4:48 PM EDT

A Texas bankruptcy judge said Monday he was prepared to approve blood glucose monitor maker LifeScan's Chapter 11 plan once he settles a dispute over administrative expense claims from pharmacy benefit...

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Bankruptcy Scorecard

Summary

LifeScan Global Corp. filed for Chapter 11 in Texas on with $1.7 billion in debt and a plan to reduce over 75% of it by transferring ownership to existing lenders.

Case Number

4:25-bk-90259

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1.7 billion

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Related Sections

Case Information

Case Title

LifeScan Global Corporation

Case Number

4:25-bk-90259

Court

Texas Southern

Nature of Suit

Date Filed

July 15, 2025

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