Inogen, Inc. operates as a medical technology enterprise dedicated to designing, fabricating, and distributing oxygen concentration equipment. These cutting-edge devices are engineered to provide continuous oxygen support for patients managing persistent respiratory conditions. The company's diverse product range features the popular portable Inogen One, which efficiently draws oxygen from the surrounding atmosphere to offer an independent supply, alongside stationary Inogen At Home concentrators, Tidal Assist Ventilators, and various associated accessories. Inogen serves a broad clientele, including individual patients, medical professionals, and insurance providers, both domestically in the United States and globally. Furthermore, the company facilitates direct equipment rentals to patients. Founded in 2001, Inogen, Inc. is headquartered in Goleta, California.
Inogen Announces Divestiture of Its U.S. Oxygen Rental Business to Rotech
Inogen signed a definitive agreement to divest its U.S. oxygen rental business to Rotech Healthcare for estimated cash consideration of up to $25 million, expected to close in Q4 2026.
The Rental Business generated $24.3 million of revenue in H1 2026, down 9.8% year-over-year; Inogen will present it as discontinued operations beginning with Q3 2026 results and expects the deal to raise revenue growth and adjusted operating income.
Inogen also signed a long-term supply agreement with Rotech, and its board approved a $15 million buyback authorization increase (to $45 million total), contingent on the transaction closing.