Elizabeth Holmes to reportedly leave prison, move to halfway house next year

Amid increasing hype about the upcoming documentary about disgraced Theranos founder Elizabeth Holmes, news has emerged that she may be transferred out of prison to a Community Corrections Center next year. Holmes was sentenced in 2022 to more than 11 years in federal prison, but according to a Department of Justice notification, she’s due to be transferred to a halfway house in August 2027.

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Holmes is slated to be transferred to the Austin Transitional Center in Del Valle, Texas, on Aug. 23 of next year, ABC News and the New York Times reported. The new date came from the Department of Justice’s system for alerting victims of crimes to when inmates will be released. According to the notification, she will live in the Austin area after leaving the halfway house and her probation will be supervised by officers there. Although her scheduled release date is reportedly Feb. 22, 2030, it would be unusual for someone to stay in a halfway house for that length of time, so it’s not clear how long she will live in the halfway house before transitioning to supervised release. 

Holmes reported to FPC Bryan, a minimum security women’s prison in Texas, in May 2023, so if she is released to a halfway house in 2027, she will have served a little over four years of her 11-year sentence in the facility. She is currently 42 years old. 

Holmes’ downfall is well-documented: She rose to stardom as the young CEO behind Theranos, a blood-testing startup based in Palo Alto that promised futuristic healthcare from a simple finger prick. With just a few drops of blood, Holmes claimed that her revolutionary machines could discover diseases and save lives. As people came forward alleging that Theranos tests had told them they had serious conditions they didn’t have, the deception came to light, and investigators found Holmes and other company leaders intentionally misled investors about the technology. In 2022, she was sentenced to 11 years in federal prison for her role in the conspiracy.

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Despite the preponderance of evidence that Holmes knew her machines couldn’t do what she claimed, she continues to insist she did nothing wrong. Her partner is reportedly attempting to run his own blood-testing startup, and Holmes appears unrepentant in a trailer for “You Can See Everything,” an upcoming documentary filmed in the lead-up to her incarceration.