Roto-Rooter Services Company, a wholly owned subsidiary of Chemed (CHE) Corporation, announced it has purchased the territory and assets of the franchises operating in San Francisco, California and Fort Worth, Texas in two separate transactions. The aggregated, combined purchase price of these transactions was approximately $20.6M. “Collectively, these Roto-Rooter locations serve a population of approximately 3.3 million people. This purchase is part of Roto-Rooter’s ongoing strategy of acquiring franchises to boost productivity, market share and profitability,” the company stated.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHE:
- Oppenheimer explores Chemed value in possible Roto-Rooter split
- How Targeted Tariffs Could Squeeze Chemed’s Margins Despite Its Domestic Focus
- Chemed Earnings Call: Mixed Quarter, Back-Half 2026 Hopes
- Chemed price target lowered to $500 from $580 at Oppenheimer
- Chemed downgraded to Sector Perform from Outperform at RBC Capital