Rotech Healthcare Inc is exploring a possible sale that could value the provider of home medical equipment at $1.5 billion or more, including debt, according to people familiar with the matter. Investment firms Capital Group, Silver Point Capital and Venor Capital Management control the company after helping it emerge out of bankruptcy in 2013. Rotech generates 12-month earnings before interest, taxes, depreciation and amortization (EBITDA) of about $220 million, while its capital expenditures stand at approximately $100 million, one of the sources said. Rotech reported $503.2 million in sales for the 12 months to Dec. 31, 2020, when its financials were last disclosed publicly.
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Source: https://www.reuters.com/article/rotech-ma/medical-equipment-firm-rotech-healthcare-explores-sale-sources-idUSL1N3AB2RS