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Chemed > Investor Relations > News Releases > News Release
News Releases
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VITAS Healthcare Corporation Acquires Hospice in Alabama

CINCINNATI, May 02, 2011 (BUSINESS WIRE) -- Chemed Corporation ("Chemed") (NYSE:CHE) today announced that its VITAS Healthcare Corporation (VITAS) subsidiary has acquired the operating assets of Family Comfort Hospice based in Alabama, effective April 29, 2011. This acquisition adds three Central-Alabama locations serving ten counties to VITAS's network of hospice programs and adds approximately 80 patients to VITAS's average daily census. VITAS is the nation's largest provider of end-of-life hospice care services.

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 and 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 changedexpectations.

SOURCE: Chemed Corporation

Chemed Corporation
David P. Williams, 513-762-6901

All information current at time of original publication. Read complete disclaimer for details.
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Page last modified: 04/18/05