Chemed subsidiary to sell retail division.

CINCINNATI--(BUSINESS WIRE)--June 15, 1995--Chemed Corporation (NYSE:CHE) today announced that it has entered into a definitive agreement to sell the Veratex Retail division of Chemed's Veratex Group to Henry Schein Inc. for an undisclosed price.

Chemed retains the Tidi Products Inc. manufacturing and distribution operation of The Veratex Group. Tidi, which generated $56 million in sales in 1994, announced its acquisition of CSD Medical, a manufacturer and distributor of disposable paper products with $12 million in revenues, on May 16.

The sale of Veratex Retail is not expected to have a material impact on Chemed's results for the year. The closing of the sale is pending regulatory approval.

Tidi Products Inc., headquartered in Troy, Mich., is a leading manufacturer of more than 800 disposable paper, cotton, and gauze products for the alternate-care and hospital marketplaces.

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

Timothy S. O'Toole, 513/762-6702