Rotech gets waiver of financial filing deadline through July 15

By Sara Rosenberg

New York, June 16 - Rotech Healthcare Inc. has received a waiver of any defaults resulting from failure to meet the deadline for delivery of unaudited financial statements for the quarter ended March 31, 2005 and other related deliverables and an appraisal of some assets, according to a company news release.

Under the terms of the waiver, the company has until July 15 (as opposed to June 15) to file its 10-Q for the quarter ended March 31 and furnish the related deliverables and the required appraisal.

The filing delay has also resulted in a technical default under the company's indenture, but this default is subject to a cure period through July 15.

Rotech, an Orlando, Fla.-based provider of home respiratory care and durable medical equipment and services to patients with breathing disorders, has said in the past that the filing delay is a direct result of the pending restatement of certain previously issued financial statements.

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