CHE

Chemed Corporation operates businesses in the hospice care and plumbing and drain cleaning services industries through its VITAS Healthcare and Roto-Rooter subsidiaries. VITAS is one of the nation's largest providers of end-of-life hospice care, serving terminally ill patients and their families through care teams including physicians, nurses, social workers, and chaplains. Roto-Rooter provides plumbing repair, drain cleaning, and water restoration services to residential and commercial customers through company-owned and franchised locations. Founded in 1971 and headquartered in Cincinnati, Ohio, Chemed operates two distinct businesses with essential service characteristics and recession-resistant attributes. VITAS benefits from favorable demographics with aging populations, Medicare reimbursement, and increasing hospice utilization. Roto-Rooter benefits from brand recognition, recurring service needs, and diversified residential and commercial customers. Chemed generates stable cash flows and has consistently grown earnings and dividends. The company faces Medicare reimbursement pressures, regulatory requirements, competition in both businesses, and labor availability challenges. Chemed continues to focus on quality of care, operational excellence, and strategic growth in its businesses.