Chemed Corp at Oppenheimer Healthcare Conference Transcript
Good morning, welcome to Oppenheimer's 29th Health Care Conference. I'm Mike Wiederhorn. It's my pleasure to have Chemed Corporation, to have the President, CEO, Kevin McNamara; and Chief Financial Officer, David Williams.
Thanks, Mike. One of the things that I always do for a couple of minutes is explain the combination of companies that is a nation's largest hospice company and a plumbing and drain, excavation and water restoration company. Together -- and it's really pretty much happenstance, Chemed is a company that spun off of W.R. Grace & Company in 1980. At the time it had a -- it was a specialty chemical group. It had a health care group. In 1981, it spunned most of its health care group off into a company, Omnicare, now purchased by CBS. The -- I'd say that we're a kind of a buyer and seller of companies, a lot of capital gains, lot of successful purchases and sales. Sold our [freshly]
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