Roto-Rooter Buys Franchise Territory in Corpus Christi, Rio Grande Valley, and Beaumont, Texas
Chemed (NYSE: CHE) announced that its wholly owned subsidiary Roto-Rooter Services Company acquired a formerly independent Roto-Rooter franchise serving 21 counties in south Texas for approximately $12.0 million.
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Rhea-AI Summary
Chemed (NYSE: CHE) announced that its wholly owned subsidiary Roto-Rooter Services Company acquired a formerly independent Roto-Rooter franchise serving 21 counties in south Texas for approximately $12.0 million. The territory includes Corpus Christi, McAllen, Laredo, and Brownsville, expanding Roto-Rooter’s company-operated footprint.
Positive
- Roto-Rooter acquires south Texas franchise for approximately $12.0 million
- Adds company-operated coverage across 21 counties including four major Texas cities
Negative
- Acquisition requires an outlay of approximately $12.0 million
Details
News Market Reaction – CHE
On Jun 8, the day this news came out, CHE closed 0.56% below the previous close.
Data tracked by StockTitan Argus for the Jun 8 session.
Key Figures
- Acquisition price
- $12.0 million
- Purchase of south Texas Roto-Rooter franchise territory
- Service counties
- 21 counties
- South Texas franchise territory acquired by Roto-Rooter
- Subsidiaries
- 2 subsidiaries
- VITAS Healthcare and Roto-Rooter operated by Chemed
Historical Context
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Annual meeting results and declaration of a $0.60 quarterly cash dividend.
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Announcement of presentation at the RBC Global Healthcare Conference with webcast access.
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Bank of America healthcare conference presentation with webcast and 90‑day replay details.
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Q1 2026 results with raised full‑year guidance and share repurchases.
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Five‑year $450M amended revolving credit agreement to support operations.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
CINCINNATI, June 08, 2026 (GLOBE NEWSWIRE) -- Roto-Rooter Services Company, a wholly owned subsidiary of Chemed Corporation ("Chemed") (NYSE: CHE) announced it has acquired a formerly independent Roto-Rooter franchise serving 21 counties in south Texas for approximately
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 provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.
Statements in this press release or in other Chemed communications may relate to future events or Chemed's future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.
CONTACT:
Michael D. Witzeman
(513) 762-6714
FAQ
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