Rotech Healthcare Holdings, which provides home medical equipment and services, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
Rotech Healthcare offers a comprehensive range of home medical equipment and related products and services across five core business lines: oxygen, ventilators, sleep therapy, wound care, and DME. The company's payor clients include commercial insurers, Medicare, Medicaid, the VA, and private individuals. As of March 31, 2021, the company served more than 600,000 active patients across over 300 service locations in 45 states.
The Orlando, FL-based company was founded in 2018 and booked $534 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol ROTK. Rotech Healthcare Holdings filed confidentially on April 30, 2021. 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.
