Enhabit
Enhabit Inc. is a US home health and hospice provider operating 249 home health and 117 hospice locations across 34 states, serving Medicare-eligible patients with post-acute, rehabilitation, and end-of-life care. Spun off from Encompass Health in 2022 and being acquired by Kinderhook Industries for $1.1 billion in 2026.
- Company typePublic
- Founded2022
- HeadquartersPortland, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Enhabit does
Enhabit Inc. is a US home health and hospice services provider operating 249 home health locations and 117 hospice locations across 34 states, serving primarily Medicare beneficiaries who require post-acute, chronic disease management, rehabilitation, palliative, or end-of-life care. The company delivers in-home skilled nursing, physical, occupational, and speech therapy, medical social services, home health aide support, and hospice care directly to patients in their residences, with referrals originating from hospitals, physicians, and discharge planners.
The business is reimbursed principally through Medicare home health and hospice benefit programs, supplemented by other insurance payers, generating recurring episode-based and per-visit revenue tied to patient census rather than discretionary software or product sales. Enhabit Inc. was created in 2022 when Encompass Health spun off its home health and hospice division; it has traded on the NYSE under ticker EHAB since that separation. In February 2026, the company entered into a definitive agreement to be acquired by private equity firm Kinderhook Industries for approximately $1.1 billion in cash, a transaction expected to close in Q2 2026 and take Enhabit private. The operating model is labor- and location-intensive: clinical staffing, regulatory licensure, and a 366-site physical footprint across 34 states are the principal assets, with no proprietary technology, AI/ML capabilities, or software products disclosed in available materials.
Strategically, Enhabit has emphasized vertical integration of home health and hospice services under a single brand, value-based care partnerships with referring hospitals and physicians, and disciplined balance sheet management including ongoing debt reduction alongside Q3 2025-reported growth in revenue, census, and EBITDA. The pending Kinderhook transaction represents the most significant near-term strategic event, reshaping ownership structure, capital allocation flexibility, and any future M&A or expansion agenda.
Enhabit firmographics
Firmographics- Name
- Enhabit
- Legal name
- Enhabit Inc.
- Website
- https://enhabit.org
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Enhabit Inc. is a US home health and hospice provider operating 249 home health and 117 hospice locations across 34 states, serving Medicare-eligible patients with post-acute, rehabilitation, and end-of-life care. Spun off from Encompass Health in 2022 and being acquired by Kinderhook Industries for $1.1 billion in 2026.
- Ownership category
- akta.pro rank
Enhabit industry classification
Industry- Product category
- Home Health and Hospice Services
- NAICS
- Home Health Care Services (621610), Nursing and Residential Care Facilities (623)
- SIC
- Services-Home Health Care Services (8082), Services-Nursing & Personal Care Facilities (8050)
- akta.pro primary industry
- Home Hospice Agencies (HLAFAEAC)
- akta.pro secondary industries
- Routine In-Home Hospice Care (HSABAFAA), Non-Hospice Serious-Illness / Community-Based Palliative Care (In-Home) (HSABAFAF)
Keywords
Where Enhabit is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Enhabit business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Home Health Services Revenue: Revenue generated from providing home health care services to patients, primarily reimbursed through Medicare and other insurance programs. Services include skilled nursing, physical therapy, occupational therapy, and home health aide services.
- Hospice Care Services Revenue: Revenue from hospice care services including palliative care, nursing services, medical equipment, and medications for terminally ill patients. Reimbursed primarily through Medicare hospice benefit.
Distribution channels1 record
Enhabit product offering
Product offeringCore offering
Enhabit provides home-based medical care through two integrated service lines: Home Health Services (skilled nursing, physical, occupational and speech therapy, medical social services, and home health aide support delivered across 249 locations) and Hospice Services (pain management, symptom control, palliative care, and emotional and spiritual support for terminally ill patients across 117 locations). Care is delivered directly to patients in their residences across 34 U.S. states, primarily reimbursed through Medicare and other insurance programs.
Product overview
Enhabit is a home health and hospice services provider operating as a single unified offering across two divisions. The company provides home-based medical care through its Home Health Services division (255 home health agencies) and end-of-life care through its Hospice Services division (over 110 hospice agencies, including 117 locations). These services are delivered to patients across 34 states through a network of 249 home health and 117 hospice locations.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Health Services Home-based medical care including skilled nursing, physical therapy, occupational therapy, speech therapy, medical social services, and home health aide services delivered to patients in their residences across 34 U.S. states. Targeted at Medicare-eligible patients needing post-acute care, chronic disease management, or rehabilitation following hospital discharge.
- Hospice Services End-of-life care services including pain management, symptom control, palliative nursing care, medical equipment, medications, and emotional and spiritual support for terminally ill patients and their families. Delivered across 117 hospice locations in 34 U.S. states, reimbursed primarily through the Medicare hospice benefit.
Companies that use Enhabit
Customer profileSegments1 record
Ideal customer profiles2 records
Enhabit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Enhabit partnerships and signals
Strategic signalScale indicators3 records
Recent moves8 records
Expansion highlights4 records
Enhabit competitors and assessment
Company assessmentDirect peers
- Amedisys: One of the largest U.S. home health and hospice operators with a multi-state footprint and similar Medicare-skewed revenue mix. Amedisys is being acquired by UnitedHealth's Optum, making it the closest direct comparable to Enhabit's home health and hospice platform.
- LHC Group: Major home health, hospice and home- and community-based services provider with comparable joint-venture partnerships with health systems. Acquired by Optum in 2023, it is a direct functional peer in home health scale and strategy.
- Chemed Corporation (VITAS Healthcare): VITAS is the largest U.S. hospice operator and a direct comparable to Enhabit's hospice division. Chemed's hospice segment mirrors Enhabit's Medicare-reimbursed end-of-life care model and geographic spread.
- Addus HomeCare: Provider of personal care, home health and hospice services across more than 20 states. Comparable as a multi-state home health and hospice operator with similar Medicaid and Medicare payer mix dynamics.
- Aveanna Healthcare: Home health, hospice and pediatric home care operator with a national footprint. Comparable to Enhabit on multi-state scale, Medicare/Medicaid reimbursement exposure and clinical labor model.
- BrightSpring Health Services: Diversified home and community-based services platform including home health and hospice. Comparable as a multi-service home-based care provider overlapping with Enhabit's core offerings.
Broad incumbents
- Encompass Health: Enhabit's former parent and the largest U.S. operator of inpatient rehabilitation hospitals. Comparable as the legacy parent organization and as a broad healthcare services incumbent with overlapping referral relationships and patient populations.
- Humana (CenterWell Home Health): Operates one of the largest U.S. home health networks through CenterWell and is a major Medicare Advantage payer. Comparable as a vertically integrated payvider that competes for both patients and clinical talent in Enhabit's markets.
- UnitedHealth Group (Optum): Owns both LHC Group and Amedisys through Optum and is the largest U.S. health insurer. Comparable as a vertically integrated incumbent combining payer, physician and home health assets that competes directly with Enhabit for MA referrals and clinician supply.
Emerging players
- Pennant Group: Home health, hospice and senior living operator with a focus on cluster-market expansion. Comparable as a multi-state home health and hospice peer, though smaller and more geographically concentrated than Enhabit.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Enhabit social profiles
Digital presenceEnhabit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enhabit leadership team
Management profileNumber of profiles
Enhabit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enhabit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enhabit
What does Enhabit do?
Enhabit provides home-based medical care through two integrated service lines: Home Health Services (skilled nursing, physical, occupational and speech therapy, medical social services, and home health aide support delivered across 249 locations) and Hospice Services (pain management, symptom control, palliative care, and emotional and spiritual support for terminally ill patients across 117 locations). Care is delivered directly to patients in their residences across 34 U.S. states, primarily reimbursed through Medicare and other insurance programs.
Is Enhabit a public or private company?
Enhabit is a public company. It is classified as public and is currently operating.
When was Enhabit founded?
Enhabit was founded in 2022. It employs 11 to 50 people.
Where is Enhabit based?
Enhabit is headquartered in Portland, United States, in the North America region.
How does Enhabit make money?
Two revenue lines are on record. Home Health Services Revenue is the primary driver. The others are hospice Care Services Revenue.
Who are Enhabit's main competitors?
Direct peers on record are Amedisys, LHC Group, Chemed Corporation (VITAS Healthcare), Addus HomeCare, Aveanna Healthcare and BrightSpring Health Services. Broad incumbents are Encompass Health, Humana (CenterWell Home Health) and UnitedHealth Group (Optum). Pennant Group is listed as an emerging player.
Does Enhabit have an API?
No public API is recorded for Enhabit.
What industry is Enhabit in?
Enhabit's product category is Home Health and Hospice Services. Its primary akta.pro industry code is HLAFAEAC, Home Hospice Agencies, with a secondary code of HSABAFAA, Routine In-Home Hospice Care. Its NAICS code is 621610 and its SIC code is 8082.