RE:RE:RE:Rotech for saleHere you go ISFCA . PS....Stop the namecalling or I report it. Thank you in advance.....
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At the time it filed for bankruptcy, the firm had more than $100 million in assets but owed lenders and noteholders about $543.5 million. More than 100 Rotech units entered bankruptcy as well, according to the main petition filed today in U.S. Bankruptcy Court in Wilmington, Del. Inherited Debt
Rotech blamed the filing on more than $500 million in debt it inherited after its 2002 spinoff from Integrated Health Services Inc., as well as cuts imposed by the federal government. The company said it has lost $1.2 billion since 2005 because of reductions in the U.S. Medicare and Medicaid programs, which pay fixed amounts for services provided to the poor and elderly."