Enhabit, Inc. has officially completed its previously announced acquisition by Kinderhook Industries, marking the company’s transition to a privately held entity.
Under the terms of the agreement, Kinderhook acquired Enhabit for $13.80 per share in cash.
Following the completion of the transaction, Enhabit’s common stock has been delisted from the New York Stock Exchange, effective immediately.
Barb Jacobsmeyer, President and CEO of Enhabit, stated that the company plans to leverage
Kinderhook’s financial strength and operational expertise to accelerate growth initiatives, enhance clinical capabilities, and expand patient access to home-based healthcare services.
Chris Michalik said the firm looks forward to partnering closely with Enhabit’s leadership team to support continued expansion and operational development.
Enhabit currently operates 251 home health locations and 117 hospice centers across 35 U.S. states, delivering home-based clinical and hospice care through a nationwide network designed to support patients outside traditional hospital settings.
The acquisition represents another major private equity transaction in the home healthcare sector, reflecting growing investor interest in providers positioned to benefit from increasing demand for inhome and post-acute care services.
Founded in 2003, Kinderhook Industries has raised more than $11 billion in committed capital and completed over 500 investments and follow-on acquisitions across healthcare services, industrial services, environmental services, automotive, and manufacturing sectors. As part of the transaction, Goldman Sachs served as Enhabit’s exclusive financial advisor, while Jones Day acted as legal counsel. Guggenheim Securities advised Kinderhook financially, with Kirkland & Ellis serving as its legal counsel.
By
HB Team
