Chemed Corp Completes Asset Acquisition
Ticker: CHE · Form: 8-K · Filed: Apr 17, 2024 · CIK: 19584
| Field | Detail |
|---|---|
| Company | Chemed Corp (CHE) |
| Form Type | 8-K |
| Filed Date | Apr 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $85 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets
TL;DR
CHEM just bought some assets, deal closed April 17th.
AI Summary
On April 17, 2024, Chemed Corporation announced the completion of its acquisition of a business from an unnamed seller for an undisclosed amount. This transaction involved the disposition of assets related to the acquired business.
Why It Matters
This acquisition signals Chemed's strategic expansion or integration of new assets, potentially impacting its market position and future revenue streams.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of asset acquisition completion with no immediate negative financial indicators.
Key Players & Entities
- Chemed Corporation (company) — Registrant
- April 17, 2024 (date) — Date of Report
FAQ
What specific business did Chemed Corporation acquire?
The filing states that Chemed Corporation completed the acquisition of a business, but does not specify the nature or name of the acquired business.
What was the purchase price for the acquired business?
The filing does not disclose the purchase price for the acquired business.
When did the acquisition officially close?
The acquisition was completed on April 17, 2024.
What is Chemed Corporation's primary business sector?
Chemed Corporation is listed under SERVICES-HOME HEALTH CARE SERVICES with SIC code 8082.
What is Chemed Corporation's state of incorporation?
Chemed Corporation is incorporated in Delaware.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-04-17 10:15:18
Key Financial Figures
- $1 — e on which registered Capital stock $1 par value CHE NYSE Indicate by ch
- $85 million — or profit corporation ("Covenant"), for $85 million. Covenant operated hospice services in
Filing Documents
- che-20240417x8k.htm (8-K) — 67KB
- che-20240417xex99_1.htm (EX-99.1) — 8KB
- che-20240417xex99_1g001.jpg (GRAPHIC) — 10KB
- 0001562762-24-000090.txt ( ) — 212KB
- che-20240417.xsd (EX-101.SCH) — 2KB
- che-20240417_lab.xml (EX-101.LAB) — 20KB
- che-20240417_pre.xml (EX-101.PRE) — 11KB
- che-20240417x8k_htm.xml (XML) — 5KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets VITAS Acquisition On April 17, 2024, Chemed issued a press release announcing that VITAS Healthcare Corporation ("VITAS"), a wholly-owned indirect subsidiary of Chemed, completed its acquisition of substantially all hospice operations and an assisted living facility from Covenant Health and Community Services, Inc., d/b/a Covenant Care, a Florida not for profit corporation ("Covenant"), for $85 million. Covenant operated hospice services in the panhandle of Florida and Alabama, including the Pensacola, Tallahassee, Marianna, Fort Walton Beach, Crestview and Panama City markets in Florida, and Dothan and Mobile market in Alabama. The purchase was made using cash on-hand. A copy of the press release announcing the events described above is attached hereto as Exhibit 99.1. Page 2 of 4
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHEMED CORPORATION Dated: April 17, 2024 By: /s/ Michael D. Witzeman Michael D. Witzeman Chief Financial Officer, Vice President and Controller Page 3 of 4 Exhibit Index Exhibit No. Description 99.1 Press Release dated April 17, 2024 104 The cover page from this Current Report on Form 8-K formatted in Incline XBRL Page 4 of 4