Roto-Rooter Completes Acquisitions for Two Significant Territories
Chemed (NYSE: CHE) said Roto-Rooter purchased the territory and assets of franchises in San Francisco, CA and Fort Worth, TX in two transactions completed March 31, 2026.
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Rhea-AI Summary
Chemed (NYSE: CHE) said Roto-Rooter purchased the territory and assets of franchises in San Francisco, CA and Fort Worth, TX in two transactions completed March 31, 2026.
The combined purchase price was approximately $20.6 million, and the acquired locations collectively serve about 3.3 million people. Chemed said the buys align with Roto-Rooter’s strategy to grow productivity, market share and profitability.
Positive
- Combined purchase price of $20.6 million for two territories
- Added service population of approximately 3.3 million people
Negative
- None.
Details
News Market Reaction – CHE
On Apr 1, the day this news came out, CHE closed 0.05% below the previous close.
Data tracked by StockTitan Argus for the Apr 1 session.
Key Figures
- Aggregated purchase price
- $20.6 million
- Combined price for San Francisco and Fort Worth Roto-Rooter territories
- Population served
- 3.3 million people
- Combined population in acquired San Francisco and Fort Worth territories
- Transaction date
- March 31, 2026
- Date Roto-Rooter announced completion of the acquisitions
- Number of transactions
- 2
- Separate deals for San Francisco, CA and Fort Worth, TX territories
Historical Context
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Opening first VITAS inpatient hospice center in Pinellas County.
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Announcement of virtual presentation at Oppenheimer healthcare conference.
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Q4 2025 results with flat revenue and lower GAAP and adjusted EPS.
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Additional $300M repurchase authorization and declaration of $0.60 dividend.
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Scheduling Q4 2025 earnings release and related conference call.
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, April 01, 2026 (GLOBE NEWSWIRE) -- On March 31, Roto-Rooter Services Company, a wholly owned subsidiary of Chemed Corporation ("Chemed") (NYSE: CHE) announced it has purchased the territory and assets of the franchises operating in San Francisco, California and Fort Worth, Texas in two separate transactions. The aggregated, combined purchase price of these transactions was approximately
Collectively, these Roto-Rooter locations serve a population of approximately 3.3 million people.
This purchase is part of Roto-Rooter’s ongoing strategy of acquiring franchises to boost productivity, market share and profitability.
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 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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