CHEMED CORPORATION (NYSE:CHE) Files An 8-K Other EventsItem 8.01 Other Events
On March 13, 2017 Chemed Corporation issued a press release announcing that on March 10, 2017 its Board of Directors increased the authorization of Chemed’s share repurchase program to provide for $100 million of future share repurchases. These will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility. A copy of the release is filed herewith as Exhibit 99
Item 9.01 Financial Statements and Exhibits
(99) Registrant’s press release dated March 13, 2017
About CHEMED CORPORATION (NYSE:CHE)
Chemed Corporation operates and divests subsidiaries engaged in diverse business activities. The Company operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers. VITAS segment provides hospice care to Medicare beneficiaries receiving their non-hospice healthcare services from health maintenance organizations (HMOs) under Medicare risk contracts. The Company and its subsidiaries also own training manuals, cost information, patient information and software source codes. A portion of its VITAS business is operated in the state of Florida. The Company’s Roto-Rooter segment provides plumbing, drain cleaning, water restoration and other related services to both residential and commercial customers. CHEMED CORPORATION (NYSE:CHE) Recent Trading Information
CHEMED CORPORATION (NYSE:CHE) closed its last trading session up +3.60 at 185.96 with 98,726 shares trading hands.