NASDAQ gives Rotech the boot
By HME News Staff
Updated Sat May 31, 2008
ORLANDO, Fla.--First, the NASDAQ kicked Rotech Healthcare off its Global Market listing, and now, it's kicking the provider off its Capital Market listing. The NASDAQ notified Rotech on April 17 that the provider failed to meet the following Capital Market listing requirement: a minimum of $2.5 million in stockholders' equity or $35 million market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
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