AcquisitionsJun 8, 2026, 03:16 PM
Chemed's Roto-Rooter Acquires South Texas Franchise for $12.0M
AI Summary
Chemed Corporation's wholly-owned subsidiary, Roto-Rooter Services Company, has acquired a formerly independent Roto-Rooter franchise in south Texas for approximately $12.0 million. This acquisition expands Roto-Rooter's service area to 21 counties, encompassing major cities such as Corpus Christi, McAllen, Laredo, and Brownsville. Chemed Corporation, listed on the NYSE, operates VITAS Healthcare, the nation's largest provider of end-of-life hospice care, and Roto-Rooter, a leading provider of plumbing and drain cleaning services.
Key Highlights
- Chemed's Roto-Rooter subsidiary acquired a formerly independent franchise.
- The acquisition was for approximately $12.0 million.
- The acquired franchise serves 21 counties in south Texas.
- Key cities in the service area include Corpus Christi, McAllen, Laredo, and Brownsville.
- Chemed Corporation operates two wholly-owned subsidiaries: VITAS Healthcare and Roto-Rooter.
Price Impact
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