CINCINNATI, Dec 02, 2010 (BUSINESS WIRE) -- Chemed Corporation ("Chemed") (NYSE:CHE) today announced its Roto-Rooter Services Company subsidiary has acquired two formerly independent Roto-Rooter franchises covering the Greater Kansas City metro area and Lawrence, Kansas. The entire service area encompasses fourteen contiguous counties, including Douglas, Jefferson, Leavenworth, Johnson, Miami and Wyandotte counties in Kansas and Buchanan, Cass, Clay, Jackson, Johnson, Lafayette, Platte and Ray counties in Missouri. This territory represents a population of approximately 2.1 million with annual revenue of approximately $6 million. The sale was effective December 1, 2010 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 care and Roto-Rooter is the nation's leading provider of plumbing repair 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 changed expectations.
SOURCE: Chemed Corporation
David P. Williams, 513-762-6901