Tag: Rotech
In brief: Rotech’s possible sale, Lincare’s TRO, Medicare’s $736K wheelchair
September 1, 2023HME News Staff
ORLANDO, Fla. – Rotech Healthcare is said to be exploring a possible sale, according to online news reports.
Rotech is said to have tapped investment bank Jefferies Financial Group to advise on its sale process, which could value the company at $1.5B.
In July 2021, the company filed for an initial public offering of up to $100 million in July 2021, with plans to list on the Nasdaq under the symbol ROTK, but paused those plans in 2022, to await more favorable market conditions,...
Rotech to explore possible sale?
August 31, 2023HME News Staff
ORLANDO, Fla. – Rotech Healthcare is said to be exploring a possible sale, according to online news reports.
Rotech is said to have tapped investment bank Jefferies Financial Group to advise on its sale process, which could value the company at $1.5B.
In July 2021, the company filed for an initial public offering of up to $100 million in July 2021, with plans to list on the Nasdaq under the symbol ROTK, but paused those plans in 2022, to await more favorable market conditions, President...
In brief: Humana MA contracts, Philips CFO, OSA-long COVID connection
May 12, 2023HME News Staff
LOUISVILLE, Ky. - Humana has announced agreements with AdaptHealth and Rotech Healthcare to provide home medical equipment services to its Humana Medicare Advantage HMO members.
The two national companies will begin providing services to these members under a value-based structure beginning July 1, with each serving a specific region of the country.
“Partnering with national DME partners under a value-based arrangement aligns with our goal to enhance access to the home care...
Humana contracts with AdaptHealth, Rotech
May 11, 2023HME News Staff
LOUISVILLE, Ky. - Humana has announced agreements with AdaptHealth and Rotech Healthcare to provide home medical equipment services to its Humana Medicare Advantage HMO members.
The two national companies will begin providing services to these members under a value-based structure beginning July 1, with each serving a specific region of the country.
“Partnering with national DME partners under a value-based arrangement aligns with our goal to enhance access to the home care...
In brief: Heartland wraps up, Medtrade East masks up
September 17, 2021HME News Staff
WATERLOO, Iowa – VGM welcomed nearly 1,000 guests for its 20th annual Heartland Conference last week.
The conference, which is usually held in June, was moved to September to help ensure health and safety amid the COVID-19 pandemic. Organizers took precautions like moving all social events outdoors and requiring masks indoors.
“As leaders in the health care industry, we wanted to do everything we could, taking all proper precautions, to help keep everyone safe during...
New alliance speeds up e-prescribing adoption
September 8, 2021HME News Staff
INDIANAPOLIS – A group of investors that includes AAHomecare, VGM & Associates, AdaptHealth, Apria Healthcare, Lincare and Rotech Healthcare have aligned to form DMEscripts, an independent e-prescribe company.
DMEscripts will use proprietary e-prescribe software to operate an open network for any DME supplier to join at no cost to prescribers and patients, the group says.
“I am thrilled at the collective energy of fellow industry leaders in embracing this digital transformation,...
In brief: Rotech files IPO, Numotion buys SpinLife, NC goes with rate floor
July 9, 2021HME News Staff
ORLANDO, Fla. – Rotech Healthcare Holdings has filed for an initial public offering of up to $100 million and plans to list on the Nasdaq under the symbol ROTK.
The company had $534 million in sales for the 12 months ended March 31, 2021.
Rotech Healthcare offers a comprehensive range of home medical equipment and products and services across five core business lines: oxygen, ventilators, sleep therapy, wound care and DME. The company's payer mix includes commercial insurers,...
In brief: Rotech financing, Kubat merger, Merits president
December 31, 2020HME News Staff
ORLANDO, Fla. – Rotech Healthcare has obtained $425 million in new financing via an amended and reinstated credit agreement with a diverse group of lenders.
The provider used part of the proceeds to pay a $100 million dividend to its holding company and will use the remainder to support growth through strategic acquisitions.
“This new credit agreement provides Rotech with sufficient capital over the next five years to continue our growth strategies, as well as to provide a $100...
In brief: Rotech strengthens vent biz, Advanced sells home infusion biz
December 20, 2019HME News Staff
ORLANDO, Fla. - Rotech Healthcare has acquired the respiratory assets of Good Night Medical.
The deal will benefit patients in Ohio, Texas, Georgia, Arkansas and North Carolina, where existing Rotech locations will work with Good Night Medical to coordinate service for those patients.
“Good Night Medical is a great fit with Rotech,” said Tim Pigg, Rotech CEO. “Both companies have strong ventilator programs.”
In October, Rotech obtained a $315 million credit agreement...
Rotech buys Boardman's respiratory biz
December 3, 2019HME News Staff
GIRARD, Ohio - Rotech Healthcare has bought the respiratory assets of Boardman Medical Supply, based here, expanding its presence in Ohio.
As part of the deal, some of Boardman Medical Supply's employees will go to work for Rotech, which will be renting part of the company's building in Girard, according to WKBN, a local news station.
"We are thrilled to welcome the Boardman Medical Supply team into the Rotech family and expand our presence in Northeast Ohio and the Mahoning Valley,”...