<SEC-DOCUMENT>0001157523-23-001564.txt : 20231129
<SEC-HEADER>0001157523-23-001564.hdr.sgml : 20231129
<ACCEPTANCE-DATETIME>20231027115802
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001157523-23-001564
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMED CORP
		CENTRAL INDEX KEY:			0000019584
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HOME HEALTH CARE SERVICES [8082]
		IRS NUMBER:				310791746
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 2600
		STREET 2:		255 E FIFTH ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		(513)762-6690

	MAIL ADDRESS:	
		STREET 1:		SUITE 2600
		STREET 2:		255 E FIFTH STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202-4726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROTO-ROOTER INC
		DATE OF NAME CHANGE:	20030613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEMED CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<SEQUENCE>1
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    <div style="text-align: right; margin-bottom: 10pt;">&#160;<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font>October 27, 2023</div>
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    <div>Ms. Tracey Houser and Ms. Jeanne Baker</div>
    <div>United States Securities and Exchange Commission</div>
    <div>Division of Corporation Finance</div>
    <div>Office of Industrial Applications and Services</div>
    <div>100 F Street, N.E.</div>
    <div>Washington, D.C. 20549</div>
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            <td style="width: 3.02%;"><font style="font-weight: bold;">Re:</font></td>
            <td style="width: 94%;"><font style="font-weight: bold;">Chemed Corp.</font></td>
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            <td style="width: 94%; font-weight: bold;">Form 10-K for Fiscal Year Ended December 31, 2022</td>
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            <td style="width: 94%; font-weight: bold;">Filed February 27, 2023</td>
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              <div style="font-weight: bold;">Response Letter Dated October 16, 2023</div>
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            <td style="width: 94%; font-weight: bold;">File No. 001-08351</td>
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    <div style="text-align: justify;">Dear Ms. Houser and Ms. Baker:</div>
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    <div style="text-align: justify; text-indent: 18pt;">On behalf of Chemed Corporation (&#8220;Chemed&#8221; or the &#8220;Company&#8221;), this letter is sent in response to the comment letter dated October 23, 2003, received from your office in the Division of Corporation
      Finance (the &#8220;Staff&#8221;), as supplemented by our phone conversation with Ms. Houser on that same date.&#160; For your convenience, our response is prefaced by the Staff&#8217;s corresponding comment in italicized text.</div>
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    <div style="text-align: justify; margin-bottom: 10pt;"><u>Form 10-K for the Fiscal Year Ended December 31, 2022</u></div>
    <div style="text-align: justify; margin-bottom: 10pt;"><u>Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations Unaudited Consolidating Summaries and Reconciliations of Adjusted EBITDA, page 90</u></div>
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              <div style="text-align: left; font-style: italic;">1.</div>
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              <div style="text-align: justify; font-style: italic;">We note your response to our comment.&#160; The retention bonus program was implemented for your licensed healthcare professionals, who have a direct impact on revenue generation, and therefore
                represents cash compensation, which is a normal, recurring operating expense. As such, we request that you discontinue including this adjustment in any future presentations of your non-GAAP measures for any period presented in accordance
                with Rule 100(b) of Regulation G as interpreted by Question 100.01 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations, as updated December 13, 2022.</div>
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    <div style="text-align: justify;">The Company acknowledges the Staff&#8217;s comment and notes that management carefully considers the guidance contained in the Non-GAAP Financial Measures Compliance &amp; Disclosures Interpretations.</div>
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    <div style="text-align: justify;">Reflecting the Staff&#8217;s comment, the Company did not include this adjustment as part of any&#160; &#160; non-GAAP financial measure presented in either its third quarter earnings release filed on Form 8-K on October 25, 2023 or
      its third quarter quarterly report on Form 10-Q filed on October 27, 2023. We will not include this adjustment for any period presented in any future presentations of our non-GAAP financial measures.</div>
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    <div style="text-align: justify;">If a member of the Staff has any questions concerning this matter or needs additional information, please feel free to contact Brian Judkins, Vice President, Secretary and Chief Legal Officer, or the undersigned at
      (513) 762-6690.</div>
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            <td colspan="2" rowspan="1" style="width: 3%;">Very truly yours,</td>
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            <td colspan="2" rowspan="1" style="width: 3%;">CHEMED CORPORATION</td>
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            <td style="width: 3%;">BY:<br>
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            <td style="width: 47%;"><u>/s/ Michael D. Witzeman</u></td>
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            <td style="width: 47%;">Vice President and Controller</td>
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