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GlobeNewswire·

Roto-Rooter Buys Largest Franchisee Territory

CHE
  • Roto-Rooter Services Company, a wholly owned subsidiary of Chemed Corporation, acquired the largest independent Roto-Rooter franchise for $60.6 million.
  • The acquired franchise serves a population of approximately 11 million people with prior annual revenue between $50.0 million & $55.0 million.
  • Acquired territories include Northern San Diego, Palm Springs, Ventura, Bakersfield, Lancaster, Fresno, Monterey, Stockton, Modesto, Manteca, & Sacramento in California.
  • Chemed Corporation is listed on the NYSE, headquartered in Cincinnati, Ohio, & operates VITAS Healthcare & Roto-Rooter as its two wholly owned subsidiaries.
  • The press release includes forward-looking statements cautioning investors that actual results may differ materially from projected performance.