Divestiture • Healthcare Services

Chemed Acquires Vitas Healthcare

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date April 2, 2013
Target Vitas Healthcare
Sector Healthcare Services
Buyer(s) Chemed
Sellers(s) Comfort Care Holdings Co.
Deal Type Divestiture

Target Company

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 Overview 1

Buyer

Chemed

Cincinnati, Ohio, United States

Category Company
Founded 1970
Sector Business Services
Employees15,087
Revenue 2.4B USD (2024)
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 Context for Buyer #
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 Profile 1

SELLER

Comfort Care Holdings Co.

Cincinnati, Ohio, United States

Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

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


Deal Context for Seller #
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