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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
August 29, 2003
ROTO-ROOTER, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8351 31-0791746
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
incorporation) Number)
2600 Chemed Center, 255 East 5th Street, Cincinnati, OH 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(513) 762-6900
Page 1 of 2
Item 5. Other Events and Regulation FD Disclosure
On August 29, 2003, Roto-Rooter, Inc. announced
that it signed a letter of intent to acquire the
franchise operations in Orange County and San
Diego, California; Eugene, Portland, and Salem,
Oregon; Salt Lake City, Provo, and Park City,
Utah; Phoenix and Tucson, Arizona; and Dallas and
El Paso, Texas.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
a) Financial Statements of Businesses Acquired
Not Applicable
b) Pro Forma Financial Information
Not Applicable
c) Exhibits
(99.1) Registrant's press release dated
August 29, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
ROTO-ROOTER, INC.
Dated: August 29, 2003 By: /s/ Arthur V. Tucker, Jr.
----------------- ---------------------------
Arthur V. Tucker, Jr.
Vice President and Controller
Page 2 of 2
Exhibit 99.1
CONTACT: Timothy S. O'Toole FOR IMMEDIATE RELEASE
(513) 762-6702
ROTO-ROOTER INC. SIGNS LETTER OF INTENT TO ACQUIRE FRANCHISES
IN CALIFORNIA, OREGON, ARIZONA, UTAH, AND TEXAS
CINCINNATI, August 29, 2003--Roto-Rooter Inc.
(NYSE:RRR) (OTCBB:CHEQP) today announced that it has a signed
letter of intent to purchase the Roto-Rooter franchise operations
in Orange County and San Diego, Calif.; Eugene, Portland, and
Salem, Ore.; Salt Lake City, Provo, and Park City, Utah; Phoenix
and Tucson, Ariz.; and Dallas and El Paso, Texas. The revenues
from these combined operations total approximately $47 million
annually.
The franchise operations being acquired serve areas
with a population of 20.6 million. Once the acquisition has been
completed, Roto-Rooter company-owned locations will offer
services in territories encompassing more than 147 million
people, or 52 percent of the U.S. population. The total Roto-
Rooter system, including franchisees, company-owned branches, and
independent contractors, offers services to more than 90 percent
of the U.S. population.
The acquisition is expected to close in the fourth
quarter of 2003. The purchase price has not been disclosed.
Roto-Rooter President and Chief Executive Officer Kevin
J. McNamara said, "This acquisition marks the accomplishment of a
major, stated goal for Roto-Rooter. This was the largest
franchisee in the Roto-Rooter system and one of the originals,
dating back to 1947. The purchase of these franchise territories
enables us to recognize 100 percent of the revenues and income
generated. Previously, our revenues and profits from these
locations were derived from franchise fees."
Roto-Rooter Inc. (www.RotoRooter.com), headquartered in
Cincinnati, is a New York Stock Exchange-listed corporation
operating in the residential and commercial repair-and-
maintenance-service industry through two wholly owned
subsidiaries. Roto-Rooter is North America's largest provider of
plumbing and drain cleaning services. Service America Systems
Inc. provides major-appliance and heating/air-conditioning
repair, maintenance, and replacement services.
Statements in this press release or in other Roto-
Rooter communications may relate to future events or Roto-
Rooter's future performance. Such statements are forward-looking
statements and are based on present information Roto-Rooter has
related to its existing business circumstances. Investors are
cautioned that such forward-looking statements are subject to
inherent risk that actual results may differ materially from such
forward-looking statements. Further, investors are cautioned
that Roto-Rooter does not assume any obligation to update
forward-looking statements based on unanticipated events or
changed expectations.
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