Chemed Corporation, through its subsidiaries, provides hospice and palliative care services; and plumbing and drain cleaning services. The company operates through its two wholly owned subsidiaries, VITAS Healthcare Corporation (VITAS) and Roto-Rooter Group, Inc. (Roto-Rooter). Segments The company operates in two segments, VITAS and Roto-Rooter. VITAS The VITAS segment provides hospice services for patients with terminal illnesses. This type of care is targeted at making the terminally ill patient’s end of life as comfortable and pain-free as possible. Hospice care is typically available to patients who have been initially certified or re-certified as terminally ill by their attending physician, if any, and the hospice physician. This segment offers various levels of hospice care in a given market, including routine home care, inpatient care, and continuous care. Through its team of doctors, registered nurses, home health aides, social workers, clergy, and volunteers, VITAS provides direct medical services to patients, as well as spiritual and emotional counseling to both patients and their families. Roto-Rooter The Roto-Rooter segment provides repair and maintenance services to residential and commercial accounts using the Roto-Rooter registered service marks. Such services include plumbing and sewer, drain and pipe cleaning. They are delivered through company-owned and operated territories, independent contractor-operated territories, and franchised locations. This segment also manufactures and sells products and equipment used to provide such services. Patents, Service Marks, and Licenses The Roto-Rooter trademarks and service marks have been used by Roto-Rooter Corporation, a wholly owned indirect subsidiary of the company. ‘Vitas’ and ‘Innovative Hospice Care’ are trademarks and service marks of VITAS. Seasonality A significant portion of the company’s VITAS business is operated in the state of Florida. A majority of its patients are Medicare recipients, retirees relocating to Florida during the winter months generally results in higher admissions and revenue for its Florida programs during that period. Competition The VITAS segment competes with national and regional hospice providers, including Gentiva Health Services, Inc. Government Regulations Roto-Rooter: Roto-Rooter’s franchising activities are subject to various federal and state franchising laws and regulations, including the rules and regulations of the Federal Trade Commission regarding the offering or sale of franchises. History Chemed Corporation was founded in 1970. The company was incorporated in Delaware in 1970.
chemed corp (CHE:New York)
255 East Fifth Street
Cincinnati, OH 45202
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