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Rotech Healthcare explores sale

May 22, 2013HME News Staff

WILMINGTON, Del. - Under pressure from shareholders, Rotech Healthcare has informed the U.S. Bankruptcy Court that, in addition to its plans to reorganize, the company seeks a buyer. The company has pursued a sale and “other strategic options” for a number of years, it stated in a May 21 press release. “We want to take the extra step of continuing our sale process to ensure that we have exhausted every possible source of value for our shareholders,” stated CEO Steve...

Bankruptcy, For Sale, Rotech Healthcare