VITAS Healthcare Corporation, a wholly-owned subsidiary of Chemed Corporation (“Chemed”) (NYSE: CHE) announced the completion of the previously announced purchase of all hospice operations and an assisted living facility from Covenant Health and Community Services, Inc. d/b/a/ Covenant Care (“Covenant”) for an aggregate purchase price of $85 million. Covenant’s hospice operations span the panhandle of Florida and Alabama, specifically including the Tallahassee, Marianna, Fort Walton Beach, Panama City, Crestview and Pensacola markets in Florida, and the Dothan and Mobile/Daphne markets in Alabama.
Read the full article: VITAS Completes the Previously Announced Purchase of Assets of Covenant in Florida and Alabama //
Source: https://www.businesswire.com/news/home/20240417493903/en/VITAS-Completes-the-Previously-Announced-Purchase-of-Assets-of-Covenant-in-Florida-and-Alabama