Careismatic Plans $782M Debt Equity Swap In Ch.11

By Emily Lever · April 18, 2024, 10:01 PM EDT

A New Jersey bankruptcy judge on Thursday approved the disclosure statement of medical scrubs distributor Careismatic Brands LLC, which outlined a plan to wipe out $782 million in secured debt and...

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Bankruptcy Scorecard


Global medical scrubs distributor Careismatic Brands LLC and 21 affiliates filed for Chapter 11 bankruptcy protection in New Jersey with a prearranged restructuring plan after business normalized last year following an earlier surge in COVID-19-related revenues.

Case Number



Vincent F. Papalia


U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

As much as $10 billion

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Case Information

Case Title

Careismatic Brands, LLC

Case Number



New Jersey

Nature of Suit

Date Filed

January 22, 2024