Rotech emerges from Chapter 11
ORLANDO, Fla. – Rotech Healthcare has completed its financial restructuring and emerged from Chapter 11 protection, the company announced Sept. 27. The HME provider has reduced outstanding debt by more than $300 million and reduced annual cash interest expense from $60 million to less than $20 million, according to a news release. “With the financial restructuring behind us, we have the increased financial flexibility which we believe will allow us to compete aggressively in today’s home medical equipment,” said Steven Alsene, president and CEO, in the release. Rotech announced plans to restructure under Chapter 11 in March.