Chemed Corp (NYSE: CHE)

Chemed Corporation, known as CHEMED, operates in the healthcare industry with two primary segments: VITAS and Roto-Rooter. The VITAS segment focuses on hospice and palliative care services, while Roto-Rooter provides plumbing and drain cleaning services. With its headquarters in the United States, Chemed offers its services domestically and in over 40 states.

CHEMED's VITAS segment is a prominent player in the hospice care industry, providing comfort and support for patients with terminal illnesses and their families. Through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers, VITAS offers hospice care services designed to alleviate pain and suffering during the final stages of life. Over 95% of VITAS' revenue comes from government payments, primarily from the Medicare and Medicaid programs, making it particularly sensitive to changes in these programs and reimbursement rates.

Roto-Rooter, the other segment of Chemed, provides plumbing and drain cleaning services for residential and commercial customers across the country. Offering drain cleaning, excavation, water restoration, and other related services, Roto-Rooter serves a diverse customer base with over 90% of its revenue coming from residential customers.

Chemed operates in a highly competitive industry, facing competition from other healthcare providers and plumbing services companies. In the hospice care industry, VITAS competes with various organizations, including small, community-based hospices and national and regional hospice providers. In the plumbing and drain cleaning industry, Roto-Rooter competes with local and regional companies, as well as national chains.

Subject to extensive federal and state regulation, Chemed is particularly affected in the VITAS segment by Medicare and Medicaid regulations, along with state licensing and certification requirements. Roto-Rooter is subject to state and local licensing and regulation, as well as industry-specific standards and certifications.

Chemed's VITAS segment is one of the largest providers of hospice services in the United States, with a presence in over 40 states. The Roto-Rooter segment has a large and diverse customer base, with over 90% of its revenue coming from residential customers. Chemed Corp, represented by ticker symbol CHE, is a publicly traded company operating in the healthcare industry.