Chemed Reports Fourth-Quarter 2010 Results

Chemed Corporation CHE reported financial results for its fourth quarter ended December 31, 2010, versus the comparable prior-year period, as follows: Consolidated operating results: Revenue increased 10.9% to $336 million Net Income increased 25.8% to $22.6 million Adjusted Net Income increased 15.1% to $27.9 million VITAS segment operating results: Net Patient Revenue of $242 million, an increase of 11.4% Average Daily Census (ADC) of 13,080, an increase of 7.7% Admissions of 14,776, an increase of 8.0% Net Income of $23.3 million, an increase of 20.9% Adjusted EBITDA of $42.2 million, an increase of 23.1% Adjusted EBITDA margin of 17.4%, an increase of 167 basis points Roto-Rooter segment operating results: Revenue of $94.0 million, an increase of 9.7% Job count of 169,883, an increase of 1.2% Adjusted EBITDA of $15.9 million, a decrease of 0.4% Adjusted EBITDA margin of 17.0%, a decrease of 172 basis points