Rotech Healthcare has acquired the respiratory assets of Good Night Medical. The deal will benefit patients in Ohio, Texas, Georgia, Arkansas and North Carolina, where existing Rotech locations will work with Good Night Medical to coordinate service for those patients. “Good Night Medical is a great fit with Rotech,” said Tim Pigg, Rotech CEO. “Both companies have strong ventilator programs.” Rotech obtained a $315 million credit agreement with lenders SunTrust Bank, SunTrust Robinson Humphrey, Regions Bank and Fifth Third Bank. The agreement included a $250 million five-year term loan, a $15 million revolving credit facility and a $50 million acquisition credit facility to continue its growth strategies. Founded in 1981, Rotech is a national provider of home respiratory and medical equipment.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.