CHEMED CORP acquired 2022-2025 cohort: Roto-Rooter franchise tuck-ins + one VITAS Florida hospice for approximately $22 million combined across small deals, a transaction completed in January 2022, structured as all cash. The deal was a Asset purchases (franchise / hospice tuck-ins).
2022-2025 cohort: Roto-Rooter franchise tuck-ins + one VITAS Florida hospice operates in Roto-Rooter and VITAS Healthcare, is based in New Jersey, South Carolina, Georgia, Texas, Kentucky, Michigan (Roto-Rooter); Florida (VITAS). 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.
"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
In 2022, Roto-Rooter acquired three franchises in New Jersey for a total of $2.29 million in cash. VITAS purchased the hospice assets of one Florida provider for $1.24 million in cash. ... On January 3, 2025, Roto-Rooter completed the acquisition of one franchise in Michigan for $225,000 in cash.Chemed FY2022-FY2025 10-K Acquisitions notes
Advisory firms were not disclosed for this transaction.