CHEMED CORP acquires 2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice
Snapshot
CHEMED CORP acquired 2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice for $53.2 million (Roto-Rooter $42.2M; VITAS Florida $11.0M) in January 2018. The transaction was structured as all cash. 2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice is a United States (Roto-Rooter franchise territories); Florida (VITAS hospice)-based Roto-Rooter and VITAS Healthcare business.
- Acquirer
- CHEMED CORP
- Target
- 2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice
- Value
- $53.2 million (Roto-Rooter $42.2M; VITAS Florida $11.0M)
- Date
- January 2018
- Type
- asset purchases (franchise / hospice tuck-ins)
- Status
- ready
The deal at a glance
About this deal
CHEMED CORP acquired 2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice for $53.2 million (Roto-Rooter $42.2M; VITAS Florida $11.0M), a transaction completed in January 2018, structured as all cash. The deal was a asset purchases (franchise / hospice tuck-ins).
2018 cohort: four former Roto-Rooter franchisees + one VITAS Florida hospice operates in Roto-Rooter and VITAS Healthcare, is based in United States (Roto-Rooter franchise territories); Florida (VITAS hospice). 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).
"to increase our market penetration."
Operational efficiencies from consolidating stand-alone franchises into Roto-Rooter's nationwide branch network. Roto-Rooter Services Company / VITAS Healthcare Corporation
No advisory firms have been disclosed for this transaction.