Mergers. Acquisitions. Operations.

KEY FACTS

• Platinum acquired LifeScan, Inc. from Johnson & Johnson in October 2018 in a complex carve-out, with the business achieving stability and growth in 2020 and beyond.
• LifeScan is the maker of the iconic OneTouch® brand of glucose management products and solutions, focused on connected, integrated blood glucose management (meters, test strips, lancing devices) with an integrated digital health platform offering a variety of solutions for hospital and non-hospital use.
• OneTouch® products are used by more than 20 million consumers around the world in over 70 countries.
• Expanding connected consumer base with the majority of the blood glucose meters placed each year being Bluetooth-enabled.  The global digital ecosystem consists of 240,000 app users per month, growing with over 78,000 new app downloads per month.
• LifeScan offers world-class educational opportunities for healthcare professionals through the LifeScan Diabetes Institute.
• Company has over 2,100 employees, a best-in-class manufacturing facility in Inverness, Scotland and is headquartered in Malvern, PA.

INITIATIVES

• Grow core blood glucose management volume, beating the category, and broaden reach with digital solutions, data and health outcomes, partnerships and new channels.
• Achieve the lowest cost position.
• Continue to streamline operating model.
• Launch Continuous Glucose monitoring (CGM) and new digital health solutions.

NEWS

Platinum Equity Submits Binding Offer to Acquire LifeScan from Johnson & Johnson »

Johnson & Johnson Announces Acceptance of Binding Offer From Platinum Equity To Acquire LifeScan, Inc. »

Platinum Equity Completes $2.1 Billion Acquisition of LifeScan from Johnson & Johnson »

updated 9/21