Enhabit Acquisition, Valuation & Financials

Enhabit was acquired by Kinderhook Industries for $1.1B in February 2026, a 1.0x multiple on $1.1B of revenue.

Enhabit acquisition price

$1.1B

Acquired by Kinderhook Industries · Feb 2026

Enhabit revenue at acquisition

$1.1B

Last twelve months · Feb 2026

Enhabit revenue multiple at acquisition

1.0x

EV/Revenue · Feb 2026

Enhabit EBITDA multiple at acquisition

10.3x

EV/EBITDA · Feb 2026

Enhabit Overview

About Enhabit

Enhabit Inc provides home health and hospice services in the United States. Its reportable segments are Home Health and Hospice. The Home Health segment includes a comprehensive range of Medicare-certified home nursing services for adult patients in need of care. These services include, among others, skilled nursing, physical, occupational, and speech therapy, medical social work, and home health aide services. The Hospice segment focuses on the quality of life for patients who are experiencing a life-limiting illness while treating the person and symptoms of the disease, rather than the disease itself. The company generates a majority of its revenue from the Home Health segment.


Founded

2014

HQ

United StatesDallas, TX

Website

ehab.com

Status

Acquired

Customer focus

B2C

Revenue model

Services

Revenue

$1.1B (Feb 2026)

Valuation

$1.1B (acquired Feb 2026)

Enhabit Acquisition

Enhabit was acquired by Kinderhook Industries for $1.1B on 23 February 2026.

The acquisition price implies a 1.0x revenue and 10.3x EBITDA multiple on $1.1B of revenue.

Enhabit acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Kinderhook Industries
23 Feb 2026PE buyout$1.1B1.0x10.3x

Enhabit as a Public Company

Enhabit traded as STU: X34 before it was taken private. Its acquisition was announced in February 2026. April 2026 is its last month on record as a listed company, with a market cap of $704M and an enterprise value of $1.2B.

Last-twelve-month revenue was $1.1B, with EBITDA of $109M (10% margin), and the shares traded at 1.1x EV/Revenue and 10.7x EV/EBITDA.

Over the 3 years before that, its market cap grew from $614M in April 2023 to $704M, while revenue fell from $1.1B to $1.1B.

Enhabit market cap while listed

Enhabit EV/Revenue (LTM) while listed

Enhabit financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Apr 2026$704M$1.1B$109M10%1.1x10.7x
Apr 2025$405M$1B$102M10%0.9x9.3x
Apr 2024$506M$1.1B$99M9%1.0x11.0x
Apr 2023$614M$1.1B$150M14%1.1x8.1x

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Enhabit traded.

Acquisitions by Enhabit

Enhabit has acquired 2 companies to date.

Last acquisition by Enhabit was on December 1st 2022. Enhabit acquired Southwest Florida Homecare for undisclosed valuation.


Latest Acquisitions by Enhabit

Southwest Florida Homecare
Caring Hearts Hospice
Description
Southwest Florida Homecare is a Fort Myers-based agency delivering skilled nursing, physical therapy, occupational therapy, and personal care services to homebound patients. Licensed by Florida's Agency for Health Care Administration, it serves Lee, Collier, and Charlotte counties with 24/7 on-call support.
Caring Hearts Hospice delivers end-of-life care services to patients with terminal illnesses through locations in multiple U.S. states. Services encompass pain management, emotional support, medical equipment provision, and therapies such as physical and occupational rehabilitation. Medicare-certified operations ensure compliance with federal standards, serving communities in Texas, Louisiana, and beyond with interdisciplinary teams of nurses, physicians, and counselors.
HQ CountryUnited StatesUnited States
HQ City
Fort Myers, FL
Houston, TX
Deal Date1 Dec 20221 Oct 2022
Valuationundisclosed$14M
EV/Revenue
EV/EBITDA

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Enhabit Competitors

Enhabit competitors include listed companies like Ryman Healthcare, Summerset Group Holdings, Regis Healthcare and Omada Health, and private ones like Honor and Luz Saude.

Public and private companies comparable to Enhabit
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Ryman HealthcareNew ZealandNew ZealandPublicly listed$473M($33M)$1.1B4.2x
Summerset Group HoldingsNew ZealandNew ZealandPublicly listed$207M$111M$1.1B14.9x
Regis HealthcareAustraliaAustraliaPublicly listed$961M$211M$1B0.9x
Omada HealthUnited StatesUnited StatesPublicly listed$260M($10M)$1.2B3.1x
HonorUnited StatesBoston, MAPrivate--$1.3B-
Luz SaudePortugalLisbonPrivate-$333M$3.2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ryman Healthcare$473M($33M)4.4x4.2x(63.9x)51.7x
Summerset Group Holdings$207M$111M21.0x14.9x39.1x27.2x
Regis Healthcare$961M$211M0.9x0.9x4.3x9.2x
Omada Health$260M($10M)3.8x3.1x(98.6x)48.5x
Ambea$1.6B$290M1.7x1.5x9.5x8.3x
Ship Healthcare Holdings$4.6B$196M0.2x0.2x5.6x5.4x
InnovAge$990M$26M1.5x1.4x56.1x14.7x
Healthcare Services Group$1.8B$86M0.7x0.7x15.4x10.7x

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Common questions about Enhabit

When was Enhabit founded?Enhabit was founded in 2014.
Where is Enhabit headquartered?Enhabit is headquartered in Dallas, TX, United States.
Is Enhabit publicly listed?No, Enhabit was acquired by Kinderhook Industries in February 2026.
Who acquired Enhabit?Enhabit was acquired by Kinderhook Industries in February 2026.
How much was Enhabit acquired for?Enhabit was acquired for $1.1B in February 2026, a 1.0x revenue multiple.
Which companies are comparable to Enhabit?Companies comparable to Enhabit include Ryman Healthcare, Summerset Group Holdings, Regis Healthcare, Omada Health, Honor and Luz Saude.
What was Enhabit's market cap before the acquisition?Enhabit had a market cap of $704M in April 2026, its last month on record as a listed company, trading at 1.1x EV/Revenue.
What was Enhabit's revenue as a public company?Enhabit's last reported twelve-month revenue was $1.1B (April 2026), with EBITDA of $109M.
How many companies has Enhabit acquired?Enhabit has acquired 2 companies, including Southwest Florida Homecare and Caring Hearts Hospice.
What was the largest acquisition by Enhabit?The $14M acquisition of Caring Hearts Hospice in October 2022 is the largest acquisition Enhabit has made to date.

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