M&A Deal Summary

Chemed Acquires Vitas Healthcare

On April 2, 2013, Chemed acquired healthcare services company Vitas Healthcare from Comfort Care Holdings

Acquisition Highlights
  • This is Chemed’s 1st transaction in the Healthcare Services sector.
  • This is Chemed’s 2nd transaction in the United States.
  • This is Chemed’s 1st transaction in Florida.

M&A Deal Summary

Date 2013-04-02
Target Vitas Healthcare
Sector Healthcare Services
Buyer(s) Chemed
Sellers(s) Comfort Care Holdings
Deal Type Divestiture

Target

Vitas Healthcare

Miami, Florida, United States
Vitas Healthcare Corp. is a provider of hospice and palliative care services in the United States.

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Buyer(S) 1

Buyer

Chemed

Cincinnati, Ohio, United States

Category Company
Founded 1970
Sector Business Services
Employees15,087
Revenue 2.3B USD (2023)
DESCRIPTION

Chemed is a provider of hospice care, plumbing and drain cleaning services to healthcare industry through its wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. Chemed was founded in 1970 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1980-01-01 Roto-Rooter Group

Cincinnati, Ohio, United States

Roto-Rooter Group, Inc. is a provider of plumbing, drain cleaning and water cleanup services. Roto-Rooter Group, Inc. was founded in 1935 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

Comfort Care Holdings

Cincinnati, Ohio, United States

Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

Comfort Care Holdings Co., provides hospice services for healthcare industry.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-24 Vitas Healthcare

Miami, Florida, United States

Vitas Healthcare Corp. is a provider of hospice and palliative care services in the United States.

Buy $406M