Kinderhook to Acquire Enhabit for Around $1.1B

Enhabit Home Health and Hospice has agreed to be acquired by Kinderhook Industries in an all-cash transaction valued at around $1.1 billion. The deal is expected to close in Q2 2026, subject to Enhabit stockholder approval, regulatory approvals, and customary closing conditions.

Under the terms, Enhabit stockholders will receive $13.80 per share in cash, representing a premium of approximately 24.4% to the Feb. 20, 2026 closing price and 33.8% to the 60-day volume-weighted average share price. Enhabit operates 249 home health locations and 117 hospice locations across 34 states.

The company will continue operating under the Enhabit name and brand after going private.