---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-24-000090"
form_type: "8-K"
ticker: "CHE"
cik: "0000019584"
company_name: "CHEMED CORP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:53:37.950315+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VITAS completes $85M acquisition of Covenant hospice operations in Florida and Alabama

## Summary
- Purchased substantially all hospice operations and an assisted living facility from Covenant for $85M in cash.
- Hospice markets include Pensacola, Tallahassee, Fort Walton Beach, Panama City in FL and Dothan, Mobile in AL.
- Transaction was previously announced on March 13, 2024 and closed effective April 17, 2024.
- Purchase funded using cash on-hand; no new debt or equity issued.

## SEC filing metadata
- accession: 0001562762-24-000090
- form_type: 8-K
- ticker: CHE
- cik: 0000019584
- company_name: CHEMED CORP
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19584/000156276224000090/0001562762-24-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19584/000156276224000090/che-20240417x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-24-000090
- JSON: https://secwatch.observer/filing/0001562762-24-000090.json
- Plain text: https://secwatch.observer/filing/0001562762-24-000090.txt

## Key facts
- M&A Transactions
  CHEMED CORP completed an acquisition involving Covenant Health and Community Services, Inc., d/b/a Covenant Care for $85 million (closed 2024-04-17).
  - Action: acquisition
  - Counterparty: Covenant Health and Community Services, Inc., d/b/a Covenant Care
  - Consideration: $85 million
  - Closing: 2024-04-17
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19584/000156276224000090/0001562762-24-000090-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.