Rotech files IPO
By HME News Staff
Updated 9:07 AM CDT, Wed July 7, 2021
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, Medicare, Medicaid, the VA and private individuals. As of March 31, 2021, it served more than 600,000 active patients across over 300 service locations in 45 states.
BofA Securities, Jefferies, UBS Investment Bank, Truist Securities, Baird and RBC Capital Markets are the joint bookrunners on the deal.
No pricing terms were disclosed.
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