In a move that reshapes the home-based care landscape, Enhabit to go private became the defining headline Monday as Enhabit Inc. announced it will be acquired by middle-market private equity firm Kinderhook Industries LLC in a transaction valued at roughly $1.1 billion.
The deal, structured as an all-cash buyout, marks a pivotal turn for the national home health and hospice provider — a shift from the public markets’ spotlight to the quieter, more controlled corridors of private ownership.
$13.80 Per Share and a 24.4% Premium
Under the agreement, Kinderhook will pay $13.80 per share for Enhabit, representing about a 24.4% premium over the company’s closing stock price on Friday. Once the transaction is completed, Enhabit will delist from the New York Stock Exchange, stepping away from public trading.
“Following a thorough evaluation and extensive deliberations in consultation with our independent advisers, we are pleased to reach this agreement with Kinderhook,” Enhabit Chairman Jeffrey Bolton said. He emphasized that the board weighed the company’s current position, future outlook and strategic opportunities before concluding the deal delivers maximum value for shareholders.
