Inogen to Sell US Oxygen Rental Business to Rotech for Up to $25 Million

04:43 PM EDT, 09/30/2026 (MT Newswires) -- Inogen (INGN) agreed to sell its US oxygen rental business to Rotech Healthcare for up to $25 million. The deal is expected to close in Q4, Inogen said Wednesday in a statement. The company also signed a long-term supply agreement that will distribute its oxygen concentrators through Rotech's national network. Inogen expects the transactions to increase its revenue growth rate and adjusted operating income. Subject to closing, Inogen approved a $15 million increase to its share repurchase authorization to $45 million.