other material
confidence high
sentiment neutral
materiality 0.70
Enhabit concludes strategic review without sale; Q1 rev $262.4M, Adj. EBITDA $25.3M
Enhabit, Inc.
- Board ends strategic alternatives review, will remain independent; no formal proposals received.
- Q1 net income $0.2M, diluted EPS $0.01; adjusted EPS $0.07.
- Total admissions up 5.3% YoY; non-Medicare home health admissions up 25.2%.
- Reaffirms FY 2024 guidance: revenue $1.076-1.102B, Adj. EBITDA $98-110M.
- Four legacy Encompass board members to not stand for election in 2024, reducing board to 9.