Chemed
Holding Companies & Conglomerates · Ohio, United States · 10K+ Employees
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Overview
Headquarters
255 E 5th St Ste 2600, Cincinnati, Ohio,...Phone Number
(513) 762-6690Website
www.chemed.comRevenue
$2.5 BillionStock Symbol
CHEIndustry
ZI Rank: 13
Signal Type
Dec
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ZI Rank
3
7
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13
About Chemed
Founded in 1971 and headquartered in Cincinnati, OH, Chemed Corporation operates through two wholly owned subsidiaries, VITAS Healthcare Corporation and Roto-Rooter. VITAS is a provider of end-of-life hospice care and Roto-Rooter is a provider of plumbing and drain cleaning servicesExplore more
Chemed Org Chart
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Company Profile Activity
Activity Insights
Chemed is experiencing very low activity levels compared to other companies in the Holding Companies & Conglomerates sector.
What does this means?
Chemed is drawing exceptional interest within the Holding Companies & Conglomerates industry, suggesting notable developments or strong market momentum, learn more about Chemed.
Chemed Tech Stack
A closer look at the technologies used by Chemed
Most Recent Scoops
Person-Based
Governmental Affairs & Regulation, Healthcare Operations, Regulations
Project
Chemed has three pending Certificate of Need (CON) applications in other states two in North Carolina and one in Washington with decisions expected later this year.
Pain Point
Chemed is navigating heightened federal regulatory scrutiny of the hospice industry, including the preliminary Service and Spending Variation Index (SSVI) framework and congressional hearings focused on waste, fraud, and abuse, driven in part by the rapid expansion of hospice providers in LA County from the high 400s to nearly 1,500 providers representing 30% to 40% of the national total. The company has participated in hearings held by Mehmet Oz in California and provided input to representatives who testified at congressional hearings held two weeks prior.
Compliance, Governmental Affairs & Regulation, Regulations
Earnings
Chemed has reported that its Roto-Rooter segment experienced significant disruption in Q1 due to weather-related impacts, with revenues essentially flat excluding those disruptions, and has issued full-year guidance of 3% to 3.5% revenue growth, driven by the ramp-up of 19 newly hired commercial business managers, improvement in the water restoration business following centralization of 51 branches, and approximately $5 million in incremental revenue from two acquired franchises over the last three quarters of the year.
Earnings, Hiring Plans, Business Development, Acquisitions, Finance
Earnings
Earnings, Finance
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Frequently Asked Questions Regarding Chemed
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Founded in 1971 and headquartered in Cincinnati, OH, Chemed Corporation operates through two wholly owned subsidiaries, VITAS Healthcare Corporation and Roto-Rooter. VITAS is a provider of end-of-life hospice care and Roto-Rooter is a provider of plumbing and drain cleaning services... Read More
