Pursuant to Rule 424(b)(3)
File No. 333-10915
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED SEPTEMBER 10, 1996
ROTECH MEDICAL CORPORATION
$110,000,000 Principal Amount of 5 1/4% Convertible
Subordinated Debentures Due 2003
(Interest Payable June 1 and December 1)
4,190,476 Shares of Common Stock
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The Prospectus dated September 10, 1996, as previously supplemented, is
hereby further supplemented as follows to restate, in its entirety, the
"Selling Securityholders" section beginning on page 20 of the Prospectus:
SELLING SECURITYHOLDERS
The following table sets forth certain information as of December 13, 1996
(except as otherwise noted) as to the security ownership of the Selling
Securityholders. Except as set forth below, none of the Selling
Securityholders has had a material relationship with the Company or any of its
predecessors or affiliates within the past three years.
AGGREGATE PRINCIPAL NUMBER OF
AMOUNT OF SHARES OF COMMON
DEBENTURES THAT MAY STOCK THAT MAY
NAME BE SOLD BE SOLD*
- ---- ------------------- ----------------
Nomura Securities (Bermuda) Ltd........... $1,875,000 71,428
SMM Co. BV (1)............................ 2,950,000 112,380
LCMS Foundation........................... 1,000,000 38,095
New York Life Separate Account #7......... 1,500,000 57,142
Catholic Mutual Relief Society of America. 150,000 5,714
Catholic Mutual Relief Society of America
Retirement Plan and Trust................ 350,000 13,333
Societe Generale Securities Corp.......... 750,000 28,571
Lipper Convertibles, L.P.................. 1,800,000 68,571
LB Series Fund, Inc.--High Yield Portfo-
lio...................................... 5,650,000 215,238
Lutheran Brotherhood High Yield Fund...... 3,850,000 146,666
Mainstay Convertible Fund(3).............. 3,500,000 133,333
Robertson Stephens Investment Management
L.P.(1).................................. 1,350,000 51,428
Value Line Convertible Fund............... 500,000 19,047
Allstate Insurance Company................ 2,500,000 95,238
Aetna Variable Fund....................... 3,255,000 124,000
Aetna Growth and Income Fund.............. 245,000 9,333
Paloma Securities L.L.C................... 3,000,000 114,285
Lincoln National Convertible Securities
Fund..................................... 2,250,000 85,714
Lincoln National Life Insurance Company--
Corporate Convertible Securities Pool.... 5,295,000 201,714
Weirton Trust Convertibles................ 620,000 23,619
United National Insurance--American Manu-
facturing................................ 120,000 4,571
Commonwealth Life Insurance--Stock TRAC
(TEAMSTERS I)(2)......................... 500,000 19,047
Commonwealth Life Insurance Company--
(TEAMSTER/CAMDEN--New
Enhanced)(2)............................. 1,700,000 64,761
KA Management Limited(6).................. 742,000 28,266
KA Trading L.P.(6)........................ 2,470,000 94,095
Liberty View Plus Fund(4)................. 1,000,000 38,095
Liberty View Fund LLC(4).................. 250,000 9,523
Paresco, Inc.(4).......................... 750,000 28,571
Credit Suisse First Boston Corporation(5). 825,000 31,428
Any other Selling Securityholders or fu-
ture transferee from any such Selling
Securityholder(7)........................ 59,253,000 2,257,270
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$110,000,000 4,190,476
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(1) Information is as of September 10, 1996.
(2) Information is as of December 9, 1996.
(3) Information is as of January 21, 1997.
(4) Information is as of January 29, 1997.
(5) Information is as of March 12, 1997.
(6) Information is as of March 17, 1997.
(7) Information regarding these persons or entities will be added by
supplement to this Prospectus.
* Assumes a conversion price of $26.25 per share and a cash payment in lieu of
any fractional share interest.
The preceding table has been prepared based upon information furnished to
the Company by the Depository Trust Company, PNC Bank, Kentucky, Inc., trustee
under the Indenture, and by or on behalf of the Selling Securityholders.
Additional information concerning ownership of the Debentures and Conversion
Shares offered hereby rests with certain holders of the Debentures and
Conversion Shares who are not named in the preceding table, with whom the
Company believes it has no affiliation and from whom the Company has received
no response to its request for such information.
In view of the fact that Selling Securityholders may offer all or a portion
of the Debentures or Conversion Shares held by them pursuant to the offering
contemplated by this Prospectus, and because this offering is not being
underwritten on a firm commitment basis, no estimate can be given as to the
amount of Debentures or the number of Conversion Shares that will be held by
the Selling Securityholders after completion of the offering made hereby. In
addition, the Selling Securityholders may have sold, transferred or otherwise
disposed of all or a portion of their Debentures and/or Conversion Shares,
since the date on which they provided the information set forth above, in
transactions exempt from the registration requirements of the Securities Act.
Information concerning the Selling Securityholders may change from time to
time and any such changed information will be set forth in supplements to this
Prospectus if and when necessary. In addition, the per share conversion price,
and therefor the number of shares issuable upon conversion of the Debentures,
is subject to adjustment under certain circumstances. Accordingly, the
aggregate principal amount of Debentures and the number of Conversion Shares
issuable upon conversion of the Debentures offered hereby may increase or
decrease.
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The date of this Prospectus Supplement is March 26, 1997
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