VITAS Completes the Previously Announced Purchase of Assets of Covenant in Florida and Alabama
Chemed Corp (CHE)
Last chemed corp earnings: 4/28 04:15 pm
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Source: Business Wire
CINCINNATI--(BUSINESS WIRE)--VITAS Healthcare Corporation, a wholly-owned subsidiary of Chemed Corporation (“Chemed”) (NYSE: CHE) announced the completion of the previously announced purchase of all hospice operations and an assisted living facility from Covenant Health and Community Services, Inc. d/b/a/ Covenant Care (“Covenant”) for an aggregate purchase price of $85 million. The transaction is structured as an asset purchase.Covenant’s hospice operations span the panhandle of Florida and Alabama, specifically including the Tallahassee, Marianna, Fort Walton Beach, Panama City, Crestview and Pensacola markets in Florida, and the Dothan and Mobile/Daphne markets in Alabama.The transaction, which was announced on March 13, 2024, closed effective April 17, 2024.Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provid
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CHE
Earnings
- 4/24/24 - Beat
CHE
Sec Filings
- 4/29/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K
- CHE's page on the SEC website