Navigation Links
Rotech Announces Confirmation of Plan of Reorganization
Date:8/29/2013

ORLANDO, Fla., Aug. 29, 2013 /PRNewswire/ -- Rotech Healthcare Inc. (OTCBB: ROHI.OB) announced today that the U.S. Bankruptcy Court has approved the Second Amended Joint Plan of Reorganization of Rotech Healthcare Inc., along with $358 million of exit financing commitments received from Wells Fargo and certain existing holders of the 10.5% Senior Second Lien Secured Notes.

The reorganization plan was confirmed at a court hearing in Delaware and was supported by the Statutory Committee of Unsecured Creditors. Creditors entitled to vote overwhelmingly voted in favor of the reorganization plan.

At the time that the Company filed its reorganization cases on April 8, 2013, the Company said that it would reorganize its businesses and emerge from Chapter 11 within 90 to 150 days. The Company said that it expects to close on its exit financing commitment and formally emerge from Chapter 11 next month.

"We said at the outset this would be a swift passage through the reorganization process and it has been," said Steven P. Alsene, Rotech's President and Chief Executive Officer. "We have successfully completed an important milestone in the financial restructuring that positions Rotech to operate successfully in today's very competitive environment.

"We appreciate the strong support the Company has received from its lenders, creditors, suppliers, customers and especially its employees. With a restructured balance sheet, new long-term financing and a seasoned management team, Rotech is well-positioned for future leadership in the industry."

Under the reorganization plan, the Company's existing common stock will be cancelled and substantially all of the new common stock of reorganized Rotech will be distributed to holders of the 10.5% Senior Second Lien Secured Notes.

Proskauer Rose, LLP serves as the Company's legal advisor, Barclays as financial advis
'/>"/>

SOURCE Rotech Healthcare Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Great Lakes NeuroTechnologies Awarded Patent For Technology To Treat Parkinsons Disease With Brain Stimulation During Sleep
2. MicroTechnologies Announces Award of Medical Device Contract Manufacturing Line
3. Rotech Receives Approval of First Day Motions; Approvals Ensure Operations Continue Normally
4. The Market for Neurotechnology 2012-2018
5. Neurotech Reports Announces New Conference Dedicated to Consumer Applications of Neurotechnology
6. Upsher-Smith Announces Commercial Availability Of Morphine Sulfate ER Capsules
7. Neurocrine Biosciences Announces the Start of Second Phase III Study of Elagolix in Endometriosis
8. Eisai Inc. Announces Non-Exclusive Licensing Agreement with Generic Drug Manufacturer to Provide Generic Version of donepezil HCl 23 mg
9. InspireMD Announces Participation in Two Investor Conferences in September
10. Morgan & Morgan Announces the Investigation of Hi-Tech Pharmacal Co., Inc. HITK
11. Bernstein Liebhard LLP Announces That A Class Action Has Been Filed Against Biolase, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/19/2014)... Research and Markets has announced the addition of ... by Application & by Region- Global Trends & Forecasts to ... demand for membranes is estimated to increase at a CAGR ... Membrane technology was first commercialized in the 1960s ... kidney dialysis. In modern times, membranes find extensive application in ...
(Date:8/19/2014)... Aug. 19, 2014  Stryker Corporation,s Orthopaedics Division, the Official ... is bringing its message of joint health to golf fans ... this week at The Barclays.  The company,s fan destination ... Spectator Village near the 17 th fairway at the ... on Thursday, August 21 st .    At ...
(Date:8/19/2014)... ST. LOUIS , Aug. 19, 2014  Sequence, Inc., ... solutions for pharmaceutical, biotech and medical device manufacturers is opening ... St. Louis , as a result of ... The new location, which opened this month, allows Sequence to ... Establishing a St. Louis office ...
Breaking Medicine Technology:Global Membranes (MF, RO, UF, Gas Separation, Dialysis, NF) Market - Forecasts to 2019 2Stryker, The Official Joint Replacement Products Of The PGA TOUR, Welcomes Golf Fans To Its Home State Of New Jersey For The Barclays 2Stryker, The Official Joint Replacement Products Of The PGA TOUR, Welcomes Golf Fans To Its Home State Of New Jersey For The Barclays 3Stryker, The Official Joint Replacement Products Of The PGA TOUR, Welcomes Golf Fans To Its Home State Of New Jersey For The Barclays 4Stryker, The Official Joint Replacement Products Of The PGA TOUR, Welcomes Golf Fans To Its Home State Of New Jersey For The Barclays 5Quality and Compliance Solutions Provider Announces Opening of St. Louis, Missouri Office 2
... 2012 Today the Senate passed S. 3187, its ... legislation including important provisions to mitigate drug shortages, most ... is the world,s largest professional society concerned with the ... 14,000 members who specialize in blood cancers such as ...
... Inc. asks Americans to pause this May 28 to remember ... of the countless brave men and women who have given ... As a veteran-owned company that has built its legacy providing ... world, Wiley X is keenly aware of the sacrifices our ...
Cached Medicine Technology:American Society of Hematology Statement on Senate Passage of Prescription Drug User Fee Act (PDUFA) 2Veteran-Owned Wiley X,® Inc. Recognizes America's Heroes 2
(Date:8/20/2014)... Va. (PRWEB) August 20, 2014 Riverside ... William Dameron , who joined its Warsaw Medical Arts ... physician specialized in Family Medicine, is accepting new patients. ... School of Medicine, completed his residency at the Mountain ... back to Virginia. , “I really like the rural ...
(Date:8/19/2014)... The elegant bamboo floorings from BambooIndustry.com ... houses in an environmentally conscious way with the company’s ... and have an aluminum oxide finish to help resist ... high-traffic areas. , Recently, the company has released its ... . These fresh items are specially made for global ...
(Date:8/19/2014)... 20, 2014 Midtown Dentistry in Houston, Texas, ... office. All patients with cavities, or with old fillings ... fillings that can safely repair and restore teeth. , From ... latest materials, all of which are completely amalgam free. Even ... use by the FDA for adults and children over the ...
(Date:8/19/2014)... 20, 2014 What gives skin an edge ... soften skin, replenish and nourish it while lightly exfoliating? ... "Client after client raves about how their skin feels and ... of Sublime Beauty®. "The ingredients are very rich and ... Simply smooth it over cleansed skin of the face and ...
(Date:8/19/2014)... this week,s JAMA highlights the importance of ... how to treat patients. Written by Robert Vinci, MD, ... of pediatrics at Boston University School of Medicine and ... editorial examines results of a study published in the ... how doctors can often over-emphasize certain types of data. ...
Breaking Medicine News(10 mins):Health News:Riverside Warsaw Medical Arts’ Dr. William Dameron Accepting New Patients 2Health News:BambooIndustry.com Announces Up To 30% Discount On Its New Click Strand Woven Bamboo Floorings 2Health News:Midtown Dentistry Announces It Is Now an Amalgam-Free Office 2Health News:That "Something Special" to Improve Skin Takes Only 10 Minutes Per Week; on Sale at Sublime Beauty® 2Health News:Review of clinical treatment of bronchiolitis in infants reveals over-reliance on one test 2
... patients forced to wait more than eight hours for treatment ... when the hospital was not overcrowded. //Peter Sprivulis, associate professor ... that overcrowding is very common in large tertiary hospitals in ... year waiting to be treated in or admitted to public ...
... emerged during a routine follow-up of a TB case in Aberdeen. ... a mosque. But the heath officials are reassuring the public, not ... are trying to make contact with all those who attended Friday ... outbreak. ,But the doctors say that the six patients ...
... have revealed an increasing number of cases involving trafficking ... prostitution.// ,In most cases, the women were being ... led into the prostitution circuit. The women involved in ... Lithuanian, South Asian and Southeast Asian origin., ,In ...
... A 29-year-old HIV-positive woman in Assam is all set ... Congress party candidate for next month's assembly elections.// ... from the Barhampur assembly constituency in eastern Assam's Nagaon ... Assam chief minister Prafulla Kumar Mahanta is the sitting ...
... of Maharastra Doctors. The healthcare services continues to crumble ... The government today took a firm stand and has ... ,Currently with this decision over 350 doctors have ... from 15 government-managed hospitals have stayed away from work ...
... in chicken prices and public awareness campaigns have not ... A large number of people are still refraining from ... well-cooked poultry products are safe for human consumption. ... chicken and eggs consumption across the country. The farmers, ...
Cached Medicine News:Health News:Australia In Search Of A Better Way to Handle Critically Ill Patients and Balance Elective Surgery 2Health News:Trafficking of Women from Asia and East Europe For Flesh Trade 2Health News:HIV-Positive Woman To Be Congress Candidate In Assam 2Health News:More Doctors Suspended As Strike Enters Seventh Day 2Health News:Poultry Industry In India Suffers A Set Back 2
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: