Enhabit to be acquired by Kinderhook Industries for $13.80/share, ~$1.1B EV

Enhabit, Inc.

Cash consideration of $13.80 per share, a 24.4% premium to Feb 20 close and 33.8% to 60-day VWAP.
Total enterprise value ~$1.1B; transaction expected to close H2 2026, pending stockholder and regulatory approvals.
Company termination fee ~$24.5M; Parent termination fee ~$44.6M under specified conditions.
Equity commitment of $688M from Kinderhook funds; debt financing committed but Merger not conditioned on financing.
Board unanimously approved; stockholders with >2% voting power entered support agreements to vote in favor.

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