MMI Investments Issues Letter to Chemed Stockholders Illustrating the Superior Qualifications of the MM... ( NEW YORK April 28 /- MMI Investments ...)

MMI Investments Issues Letter to Chemed Stockholders Illustrating the Superior Qualifications of the MMI Nominees

Date:4/28/2009

NEW YORK, April 28 /PRNewswire/ -- MMI Investments, L.P. ("MMI Investments") today sent a letter to Chemed Corporation's ("Chemed") (NYSE: CHE) stockholders along with their proxy statement urging stockholders to elect MMI Investments' five independent and highly qualified nominees to Chemed's board. Chemed's 2009 annual meeting of stockholders is scheduled to be held on May 29, 2009, at 11:00 a.m. local time at The Queen City Club located at 331 East Fourth Street, Cincinnati, Ohio (the "Annual Meeting"). Stockholders of record as of March 31, 2009 are entitled to vote at the Annual Meeting.

MMI Investments President and Chemed director nominee, Clay B. Lifflander, stated: "MMI Investments has nominated director candidates for Chemed's board that are, in our opinion, superior to the incumbents we oppose in operational and strategic credentials, relevant industry experience and independence from the current board and management. We believe that's the way corporate directors should be elected: on the basis of being the best qualified, not the sons of former chairmen, management insiders and lawyers for the company. Yet that's the profile of the incumbent directors we oppose. We believe the MMI Investments nominees offer a far better choice, and encourage Chemed stockholders to support the MMI Investments nominees by voting the GOLD proxy card."

The full text of the letter follows:

ELECT MMI'S SUPERIOR DIRECTOR NOMINEES TO BRING EXPERIENCE, INDEPENDENCE AND STRATEGIC CREDENTIALS TO CHEMED'S BOARD

VOTE YOUR GOLD PROXY CARD TODAY

April 28, 2009

Dear Fellow Chemed Stockholder:

MMI Investments, L.P. ("MMI Investments"), a long-only investment fund and owner of 3.5% of Chemed Corporation's ("Chemed") out
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GOOD

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