CINCINNATI, Nov 19, 2008 (BUSINESS WIRE) -- Chemed Corporation ("Chemed") (NYSE:CHE) today announced its Roto-Rooter
Services Company subsidiary has acquired the Roto-Rooter franchise
covering Dayton, Ohio, and the surrounding counties including Ross,
Miami, Auglaize, Brown, Champaign, Clinton, Darke, Fayette, Greene,
Highland, Montgomery, Preble, Shelby and Putnam counties, as well as the
city of Lima, all in the state of Ohio. This territory represents a
population of approximately 1.4 million with an annual revenue of
approximately $10 million. The sale is effective November 19, 2008, and
terms of the transaction were not disclosed.
Listed on the New York Stock Exchange and headquartered in Cincinnati,
Ohio, Chemed Corporation (www.chemed.com)
operates two wholly owned subsidiaries: VITAS Healthcare and
Roto-Rooter. VITAS is the nation's largest provider of end-of-life
hospice care and Roto-Rooter is the nation's leading provider of
plumbing and drain cleaning services.
Statements in this press release or in other Chemed communications
may relate to future events or Chemed's future performance. Such
statements are forward-looking statements and are based on present
information Chemed has related to its existing business circumstances.
Investors are cautioned that such forward-looking statements are
subject to inherent risk that actual results may differ materially from
such forward-looking statements. Further, investors are cautioned
that Chemed does not assume any obligation to update forward-looking
statements based on unanticipated events or changed expectations.
SOURCE: Chemed Corporation
David P. Williams, 513-762-6901