Chemed Corporation provides hospice care, and plumbing and drain cleaning services in the United States. Segments During 2015, the company conducted its business operations in two segments, VITAS (VITAS Healthcare Corporation) and Roto-Rooter (Roto-Rooter Corporation). VITAS This segment provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers. Roto-Rooter This segment provides plumbing, drain cleaning, water restoration and other related services to both residential and commercial customers. Customers Approximately 90% of VITAS’ revenue is from the United States government through the Medicare program. Patents and Service Marks The Roto-Rooter trademarks and service marks have been used and advertised by Roto-Rooter, a wholly owned indirect subsidiary of the company. The Roto-Rooter marks are among the recognized trademarks and service marks in the United States. The company considers the Roto-Rooter marks to be a valuable asset and a factor in marketing Roto-Rooter’s franchises, products and services and the products and services provided by its franchises. VITAS and Innovative Hospice Care are trademarks and servicemarks of VITAS. Seasonality Roto-Rooter’s revenue and operating results are impacted by significant weather patterns across the United States. A portion of the company’s VITAS business is operated in the state of Florida. As the majority of its patients are Medicare recipients, retirees relocating to Florida during the winter months generally result in higher admissions and revenue for the company’s Florida programs during that period. 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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