DALLAS & NEW YORK—Enhabit, Inc., a home health and hospice care provider, and Kinderhook Industries, LLC, a middle market private equity firm, announced the completion of the previously announced transaction in which Enhabit was acquired by Kinderhook for $13.80 per share in cash.
As a result of the transaction, Enhabit has become a private company. Its common stock will no longer be listed for trading on the New York Stock Exchange, effective immediately.
“Today marks an exciting milestone for Enhabit as we officially begin our next chapter as a privately held company," said Barb Jacobsmeyer, president and CEO of Enhabit. "With Kinderhook’s support, Enhabit will benefit from additional resources and expertise that will enable growth, strengthen our clinical capabilities and expand access to high‑quality care for patients, families and the communities we serve. I want to thank all of Enhabit’s employees for their dedication and for continuing to stay grounded in our mission and values to deliver extraordinary patient care.”
“Enhabit’s leadership, patient‑centric culture and strong market position align closely with what we look for in a partner, and we are excited to help build on that foundation," said Chris Michalik, managing director at Kinderhook. "We look forward to working together so the Enhabit team can continue expanding access to care, elevating quality and delivering strong outcomes for patients and families.”