UPDATE 1-Enhabit to go private in $1.1 billion deal with Kinderhook
Enhabit, Inc -1.65% Pre
Enhabit, Inc EHAB | 13.71 13.71 | -1.65% 0.00% Pre |
Adds shares in paragraph 2, details in paragraphs 3, 4
Feb 23 (Reuters) - Enhabit EHAB.N said on Monday private equity firm Kinderhook Industries has agreed to buy the home health services provider and take it private in a deal worth about $1.1 billion.
Shares of Enhabit jumped 21% before the bell.
Under the deal, Enhabit shareholders will receive $13.80 per share in cash, a premium of about 24% to the company's last closing price.
The deal is expected to close in the second quarter of 2026. Enhabit said its shares will be delisted from the New York Stock Exchange when the transaction closes.
