Full Press Release Details
Corporation Announces the Retirement of Timothy S. O'Toole
CINCINNATI--(BUSINESS WIRE)--June 8, 2016--After more than a decade of
leading VITAS Healthcare Corporation to become the single largest
hospice provider in America, Chief Executive Officer Timothy S. O'Toole
has decided to retire. He will, however, stay on to help the company in
a consulting capacity.
Known for his innovative and aggressive leadership, Tim led the company
to unprecedented economic growth while maintaining the highest quality
level of end-of-life care for our patients and their families.
VITAS is owned by Cincinnati-based CHEMED Corporation. Tim, a CHEMED
Executive Vice President, served on the VITAS Board of Directors since
1991. He took the helm of the company after its purchase in 2004.
"I can't think of a better person to have been in charge of VITAS during
the last 12 years," said CHEMED Chief Executive Officer Kevin J.
McNamara. "He is certainly leaving the company in good hands and
well-positioned for continued growth."
Under Tim's leadership, VITAS significantly increased the number of
patients it serves and expanded the company's geographic reach. Under
his direction, VITAS launched the company's first consumer-directed
advertising campaigns designed to increase awareness of hospice,
particularly in traditionally underserved communities; and developed
specialized programs for veterans. He also developed strategic
partnerships with national health insurance companies and a wide variety
of healthcare leaders, all in an effort to increase opportunities to
deliver end-of-life care to more patients and families nationwide.
Tim joined CHEMED in 1978 and held a number of positions in his 38 years
with the company, including Treasurer. He also has a law degree from
Salmon P. Chase Law School of Northern Kentucky University.
VITAS Chief Operating Officer Nick Westfall, who has been in charge of
all VITAS field operations for the last several years, has been named
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
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 and that actual results may differ materially from such
forward-looking statements. Further, investors are cautioned
that Chemed does not assume any obligation to update forward-looking
statements based on unanticipated events or changed expectations.
Sherri L. Warner, 513-762-6683