EHAB: 8-K · acquisition merger
Enhabit, Inc. (EHAB) has completed its acquisition by Anchor Parent, LLC, a subsidiary of private equity firm Kinderhook Industries, for $13.80 per share in cash. The transaction, valued at approximately $762 million, results in Enhabit becoming a wholly owned private subsidiary and ceasing to be a public reporting company. Enhabit’s common stock has been delisted from the New York Stock Exchange, and trading has been halted. The company intends to file Form 15 to deregister its securities and suspend reporting obligations under the Securities Exchange Act of 1934. In connection with the merger, Enhabit entered into a First Amendment to its Credit Agreement, increasing its term loan facility to $420 million and its revolving credit facility to $200 million. The entire board of directors resigned and was replaced by directors appointed by the acquirer.
Enhabit, Inc. stockholders approved the Agreement and Plan of Merger with Anchor Parent, LLC and Anchor Merger Sub, Inc. during a special meeting held on May 12, 2026. The merger proposal received strong support with approximately 36.3 million shares voting in favor compared to roughly 18,000 against. The company intends to close the merger on May 15, 2026, pending the satisfaction of customary closing conditions. Following the completion of the transaction, Enhabit will survive as a wholly owned subsidiary of Parent, and its common stock will be delisted from the New York Stock Exchange.
