Chemed announces oddlot buyback for holders of 99 or fewer shares.

CINCINNATI--(BUSINESS WIRE)--Sept. 14, 1995--Chemed Corporation (NYSE:CHE) today announced that it is offering an oddlot buyback program to stockholders of 99 or fewer shares of Chemed Capital Stock.

The offer will be mailed on Sept. 18, 1995, to eligible stockholders of record on Sept. 14, 1995. The offer expires at 5 p.m., E.S.T., on Friday, Nov. 3, 1995. The company will be buying the shares for treasury purposes under its current repurchase authority.

Commenting on the buyback, Chemed Chairman and Chief Executive Officer Edward L. Hutton said, "While we value all of our Chemed shareholders, we realize how expensive and inconvenient it is for holders of a small number of shares to sell their holdings. This program provides a convenient, economical way to sell these shares at prevailing market prices without incurring brokerage commissions. At the same time, Chemed reduces its rising costs of servicing numerous shareholder accounts."

Chemed Corporation, headquartered in Cincinnati, is a diversified public corporation with strategic positions in medical and dental supply manufacturing for the alternate-care and hospital markets, home healthcare services, and hospice care; plumbing, drain cleaning, and appliance and air-conditioning repair and maintenance through the sale of service contracts; and sanitary maintenance products and services.

CONTACT: Chemed Corp., Cincinnati

Janelle M. Jessie, 513/762-6429