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MMI Investments, L.P. Calls on Chemed Board to Pursue a Tax-Free Spin-Off of One of Its Two Businesses
Date:2/12/2009

to the accuracy or completeness of any such information and nothing contained in this analysis is, or shall be relied upon as, a representation, whether as to the past or the future. This analysis reflects MMI's best current judgment and reflects assumptions MMI believes to be reasonable based on currently available information. However, this analysis does not purport to address all potential alternatives, the relative merits of different alternatives or all risks, uncertainties or assumptions associated therewith. The assumptions made in connection with this analysis are necessarily based on economic, market, financial and other conditions as they existed, and on the information publicly available to MMI, as MMI prepared this analysis and MMI undertakes no obligation to update or otherwise revise this analysis.


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