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GlobeNewswire·

Roto-Rooter Buys Franchise Territory in Corpus Christi, Rio Grande Valley, and Beaumont, Texas

  • Chemed Corporation's Roto-Rooter subsidiary acquired a formerly independent franchise serving 21 south Texas counties for approximately $12.0 million.
  • The acquired service area includes the cities of Corpus Christi, McAllen, Laredo & Brownsville.
  • Chemed Corporation is listed on the NYSE under the ticker CHE & is headquartered in Cincinnati, Ohio.
  • Chemed operates two wholly owned subsidiaries: VITAS Healthcare, the nation's largest end-of-life hospice care provider, & Roto-Rooter, the nation's leading plumbing & drain cleaning services provider.
  • The press release includes forward-looking statements cautioning that actual results may differ materially from projections & that Chemed assumes no obligation to update such statements.
  • Michael D. Witzeman is listed as the contact person with the phone number (513) 762-6714.