Welcome to our dedicated page for Chemed Corporation news (Ticker: CHE), a resource for investors and traders seeking the latest updates and insights on Chemed Corporation stock.
Chemed Corporation (symbol: CHE) is a diversified holding company that operates through its two significant subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Services Company. With its headquarters in Cincinnati, Ohio, Chemed’s operations are concentrated in the United States, where it generates the majority of its revenue.
VITAS Healthcare Corporation is one of the leading providers of hospice care services in the nation. Specialized in end-of-life care for terminally ill patients, VITAS offers comprehensive palliative care through a dedicated network of professionals including physicians, registered nurses, home health aides, social workers, and volunteers. The revenue for this segment comes predominantly from Medicare and Medicaid reimbursement programs, making it a substantial part of Chemed’s financial structure.
On the other hand, Roto-Rooter Services Company is the largest provider of plumbing, drain cleaning, and water restoration services in the United States. Catering to both residential and commercial customers, Roto-Rooter ensures 24/7 services to meet urgent and routine plumbing needs. This segment also plays a crucial role in Chemed’s revenue generation, supporting the company’s diversified business model.
Chemed Corporation has showcased resilience and strong financial health through consistent performance improvements and strategic expansions. Recent achievements include significant growth in the VITAS segment, driven by an increase in the number of patients served and enhanced operational efficiencies. Additionally, Roto-Rooter’s revenue growth has been fueled by robust demand for emergency plumbing services and effective market penetration strategies.
With a forward-looking approach, Chemed continues to expand its footprint in the healthcare and plumbing services sectors through innovations, strategic acquisitions, and partnerships. The company’s long-term vision focuses on delivering high-quality, reliable services to meet the evolving needs of its diverse customer base.
Chemed (NYSE:CHE) held its 2024 annual stockholders’ meeting, where 10 directors were elected, and PricewaterhouseCoopers LLP was ratified as the independent accountant for 2024. Stockholders approved the executive compensation but voted against a proposal on termination pay. Subsequently, Chemed's Board declared a quarterly cash dividend of 40 cents per share, payable on June 18, 2024, to stockholders of record as of May 30, 2024. This marks the 212th consecutive quarterly dividend in the company's 53-year history as a public entity. Chemed operates VITAS Healthcare, the nation's largest hospice care provider, and Roto-Rooter, a leading plumbing and drain cleaning service provider.
Chemed (CHE) will present at the Bank of America Securities Health Care Conference 2024 on May 14, 2024. The presentation will be webcast live and available for replay on the Chemed website. Chemed operates VITAS Healthcare and Roto-Rooter, with a focus on end-of-life hospice care and plumbing services.
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