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Rotech files for bankruptcy, secures financing

April 12, 2013HME News Staff

ORLANDO, Fla. - Rotech Healthcare announced April 8 that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.As part of its reorganization plan, Rotech will eliminate about half of its secured debt, the company stated in a press release.“Today's actions will enable us to create a capital structure that will provide a foundation for sustained profitability and future growth,” stated Steven Alsene, president and CEO of Rotech, in the release....

Deerfield Capital, Invacare, ResMed, Respironics, Rotech Healthcare