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 CONTACT:        David P. Williams                         FOR IMMEDIATE RELEASE
                 513-762-6901


                 Chemed Corporation Amends Bank Credit Facility


CINCINNATI,  February 24, 2005--Chemed  Corporation  ("Chemed") (NYSE:CHE) today
finalized its amended and restated  bank credit  facility.  JPMorgan  Chase Bank
acted as both the agent and arranger for this transaction.  The amended facility
provides for (i) an increase in the aggregate  amount of the term loan (TL) from
$35  million  to $85  million  at a current  rate of LIBOR plus 2.0% and (ii) an
increase  of its  revolving  credit  facility  (RCF)  from $100  million to $175
million at a current rate of LIBOR plus 2.5%. The TL has 21 aggregate  quarterly
principal  payments of $212,500 with the balance due on August 24, 2010. The RCF
has a  termination  date of  February  24,  2010.  Listed on the New York  Stock
Exchange   and   headquartered   in   Cincinnati,   Ohio,   Chemed   Corporation
(www.chemed.com)  operates two wholly owned  subsidiaries:  VITAS Healthcare and
Roto-Rooter.  VITAS is the nation's largest provider of end-of-life hospice care
and Roto-Rooter is the nation's  leading provider of plumbing and drain cleaning
services. Statements in this press release or in other Chemed communications may
relate to future events or Chemed's  future  performance.  Such  statements  are
forward-looking  statements  and are based on  present  information  Chemed  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  Chemed  does  not  assume  any   obligation  to  updated
forward-looking   statements   based  on   unanticipated   events   or   changed
expectations.
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