Chemed

Rank#2671

Market Cap6.74B

CountryUnited States

Summary

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in two segments, VITAS and Roto-Rooter. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees. The company was incorporated in 1970 and is headquartered in Cincinnati, Ohio.

History

VITAS began in 1978 as a nonprofit hospice in South Florida, founded in part by Hugh Westbrook, a Methodist minister, and Esther Colliflower, a nurse.Their first patient was Emmy Philhour. The organization then became known as Hospice Care, Incorporated, and eventually, VITAS Healthcare.In 1979, Florida became the first state to have a hospice licensure law. Westbrook and another VITAS founder, Don Gaetz, played a crucial role in passing the Hospice Care Reimbursement Act in 1982 that made hospice a Medicare benefit.In 2004, VITAS was acquired by Cincinnati-based Chemed for $400 million. Timothy S. O'Toole served as Chief Executive Officer from 2004 when Chemed purchased VITAS until his retirement in June 2016 and Nick Westfall was named CEO.

Mission

To provide compassionate and effective patient care while constantly innovating and improving our medical services and products.

Vision

To be the leader in providing hospice and post-acute medical services and equipment, globally.

References

https://en.wikipedia.org/wiki/VITAS_Healthcare

https://in.investing.com/equities/chemed-corp

https://finance.yahoo.com/quote/CHE/profile?p=CHE

https://www.comparably.com/companies/chemed-cor/mission

https://www.crunchbase.com/organization/chemed-corporation

https://sec.report/CIK/0000019584

https://companiesmarketcap.com/