Kinderhook Industries will acquire Enhabit in a deal value at approximately $1.1 billion, according to a news release.
Enhabit (NYSE: EHAB), founded in 2022 when it was spun off from Encompass Health Corp. and based in Dallas, is a national home health and hospice provider.
Kinderhook, founded in 2003 and based in New York, is a middle market private equity firm. The firm specializes in management buyouts of entrepreneurial-owned businesses operating in healthcare services and a few other sectors.
Upon completion of the transaction, Enhabit’s common stock will cease trading on the New York Stock Exchange, and the company will become a privately held entity.