CHEMED CORP acquisition history.

VITAS Healthcare Corporation, a pioneer and leader in the hospice movement since 1978, is the nation's largest provider of end-of-life care. Headquartered in Miami, Florida, VITAS operated 25 hospice programs at the time of the deal. Roto-Rooter Inc. (Chemed's predecessor name) already held common shares representing approximately 37 percent of VITAS through its Comfort Care Holdings subsidiary, and acquired the portion it did not already own.

HSW RR, Inc. was Roto-Rooter's largest independent franchise operator. The transaction covered substantially all of HSW's assets plus certain related affiliate assets, including the assets of Western Drain Supply, Inc., a plumbing supply company. It added fourteen Roto-Rooter franchises in the western U.S. spanning Metro Los Angeles, San Diego, Dallas, El Paso, Phoenix, Tucson, Florence, Salt Lake City, Ogden, Park City, Provo, Portland and Salem; collectively these locations serve a population of approximately 32 million people.

VITAS Healthcare acquired substantially all hospice operations and an assisted living facility from Covenant Health and Community Services, Inc., d/b/a Covenant Care, a Florida not-for-profit. Covenant's hospice operations span the panhandle of Florida and Alabama, specifically the Tallahassee, Marianna, Fort Walton Beach, Panama City, Crestview and Pensacola markets in Florida and the Dothan and Mobile/Daphne markets in Alabama. The purchase-price allocation recorded $70.8 million of goodwill, $10.96 million of operating licenses and $3.24 million of property, plant and equipment.

Roto-Rooter completed the acquisition of a Roto-Rooter franchise and the related assets in Oakland, California. The deal was disclosed as part of the company's continuing strategy of converting independent franchise territories into company-owned branches.

During 2018 Chemed completed four business combinations of former franchisees within the Roto-Rooter segment for $42.2 million in cash to increase market penetration, and the VITAS segment completed one business combination in Florida for $11.0 million to increase market penetration. Individual target names and exact close dates were not separately disclosed; the date shown is a year placeholder (the deals occurred across calendar 2018).

Roto-Rooter completed the acquisition of a Roto-Rooter franchise and the related assets in Bloomington, Indiana, continuing its program of buying back independent franchise territories.

A series of small tuck-ins disclosed in 10-K Acquisitions notes (none individually material; date shown is a year placeholder spanning 2022-2025): 2022 - three Roto-Rooter franchises in New Jersey for $2.29 million total, plus VITAS hospice assets of one Florida provider for $1.24 million; 2023 - Roto-Rooter franchises in South Carolina ($305,000) and Georgia ($3.689 million); 2024 - Roto-Rooter franchises in New Jersey ($5.8 million, March 11), Texas ($1.5 million, March 27) and Kentucky ($5.1 million, August 20); 2025 - one Roto-Rooter franchise in Michigan ($225,000, January 3). No acquisitions were completed in 2021.