Millennium Lab Files Bankruptcy After Settling With U.S.
- U.S. alleged company billed for urine tests of dead people
- Plan to shave $1.2 billion in debt has creditor support
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Millennium Health LLC filed for bankruptcy after settling federal claims that it improperly billed the government for running urine tests on dead people and checking senior citizens for angel dust.
The prepackaged reorganization plan filed Tuesday in Delaware already has the support of key lenders. Under the proposal, Millennium, the largest U.S. drug-testing lab, will pay $256 million to settle the government claims while eliminating $1.2 billion in debt from its balance sheet.