Malvern’s LifeScan has a new CEO after emerging from bankruptcy at the end of 2025. Last week, Jonathan Salkin took over to lead the company, writes John George for the Philadelphia Business Journal.
LifeScan filed for Chapter 11 bankruptcy in July 2025, and through its reorganization plan, eliminated over 75 percent of its debt. Former lenders Canyon Partners and Brigade Capital Management are part of the medical device company’s new ownership.
Former CEO Valerie Asbury, who joined LifeScan in 2009 and became CEO in 2018, retired last January.
Michael Hooks and James Rushing were acting as co-interim CEOs. Hooks will remain as the company’s chairman, while Rushing continues as executive vice president and CFO.
Salkin comes onboard with two decades of executive experience in life sciences, healthcare, and med tech. Most recently, he served as CEO for a laboratory equipment company based in Illinois.
After extensive searching, Hooks said Salkin was chosen due to his “strategic acumen and leadership skills.”
Read more about Jonathan Salkin taking over as top executive at Malvern-based LifeScan in the Philadelphia Business Journal.
______
Editor’s Note: This post was originally published on VISTA.Today in May 2026.
