Enhabit Home Health & Hospice

What Enhabit Home Health & Hospice does

Enhabit Home Health & Hospice is one of the largest independent home health and hospice providers in the United States, operating 368 Medicare-certified locations (251 home health, 117 hospice) across 35 states and serving approximately 239,000 patients through 5.2 million visits annually. The company delivers two interconnected service lines: Home Health Services — including skilled nursing, physical/occupational/speech therapy, medical social work, and home health aides for homebound Medicare beneficiaries recovering from illness, injury, or surgery — and Hospice Care Services, providing interdisciplinary end-of-life care for terminally ill patients with a life expectancy of six months or less, encompassing pain and symptom management, medications related to terminal illness, durable medical equipment, and spiritual support. Enhabit employs approximately 7,800–10,000+ clinical and operational staff across its footprint, with referrals generated through a sales-led field force targeting physicians, hospitals, skilled nursing facilities, and senior living communities. Patient access flows primarily through physician orders and hospital discharge planning.

The company was founded in 1999 as the home health and hospice division of Encompass Health, was spun off as an independent NYSE-listed company under ticker EHAB in July 2022, and was taken private by Kinderhook Industries in May 2026 in a $1.1 billion transaction ($13.80 per share, a 24.4% premium), delisting from the NYSE. Under PE ownership, Enhabit operates with a 'chapter of growth' mandate under new CEO Dale Clift (appointed May 2026), with stated plans to invest in AI-enabled operational tools and predictive analytics that combine with clinical expertise to optimize patient outcomes. The technology stack is described in aspirational terms — predictive analytics for patient care optimization, AI tools for operational efficiency under new ownership — without disclosed proprietary models, patents, or named ML pipelines.

Enhabit's revenue model is reimbursement-driven: Medicare Part A fee-for-service for both home health (under PDGM) and hospice (per diem) episodes, supplemented by Medicare Advantage episodic and value-based contracts, and to a lesser extent private insurance. FY2025 consolidated net service revenue was $1,060.0 million (up 2.4% year-over-year), with the Hospice segment growing 17.2% while Home Health declined 1.3%. The company achieved $16.1 million in operating income in FY2025 — a sharp turnaround from a $(115.1) million operating loss in FY2024 — and narrowed its net loss to $(2.6) million. Acquisition valuation at approximately 10x estimated 2027 EBITDA, combined with a CMS moratorium on new home health enrollment, frames the near-term growth path as primarily inorganic and productivity-led rather than de novo expansion.

Name

Enhabit Home Health & Hospice

Legal name

Enhabit Home Health & Hospice

Website

https://enhabit.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Enhabit Home Health & Hospice is one of the largest independent US home health and hospice providers, operating 368 Medicare-certified locations across 35 states. It delivers skilled nursing, therapy, and end-of-life care to approximately 239,000 Medicare patients annually under PE ownership by Kinderhook Industries.

Ownership category

akta.pro rank

Product category

Home Health & Hospice Services

NAICS

Home Health Care Services (621610), Home Health Care Services (6216), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Home Health Care Services (8082), Services-Health Services (8000)

akta.pro primary industry

Home Hospice Agencies (HLAFAEAC)

akta.pro secondary industries

Routine In-Home Hospice Care (HSABAFAA), In-Home Hospice Physician / Nurse Practitioner Visits (HSABAFAM), End-of-Life Emotional & Spiritual Support (Chaplaincy/Counseling) In-Home (HSABAFAH)

Keywords

• Home health services
• Hospice care services
• Skilled nursing care
• Post-acute care
• Medicare-certified care

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Home Health Services (Medicare Part A): Fee-for-service reimbursement under Medicare Part A for home health episodes of care, including skilled nursing, therapy services, and medical social work
2. Hospice Services (Medicare Part A): Medicare Part A reimbursement for hospice care including interdisciplinary care, pain management, medications, DME, and spiritual care for terminally ill patients
3. Medicare Advantage Contracts: Value-based and episodic contracts with Medicare Advantage payers for home health services

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Enhabit Home Health & Hospice is a Medicare-certified provider delivering skilled home health services and hospice care directly to patients in their homes. The company offers skilled nursing, physical therapy, occupational therapy, speech therapy, medical social work, and home health aide services for homebound patients, plus end-of-life hospice care including pain management, medications, durable medical equipment, and spiritual support across 368 locations in 35 states.

Product overview

Enhabit Home Health & Hospice operates as a dual-service provider offering two interconnected core services: Home Health Services and Hospice Care Services. Home Health Services focus on recovery and rehabilitation for patients meeting homebound status, providing skilled nursing, therapy services (physical, occupational, speech), medical social work, and home health aides. Hospice Care Services provide compassionate end-of-life care for patients with terminal illnesses, emphasizing comfort, dignity, and quality of life through an interdisciplinary approach including pain management, emotional/spiritual support, and family caregiver assistance. The company delivers these services through a network of 368 locations across 35 states in the United States, positioning it as one of the nation's largest home health and hospice providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Health Services Medicare-certified skilled home health services delivered to patients in their homes, including skilled nursing, physical therapy, occupational therapy, speech therapy, medical social work, and home health aide services. Designed for homebound patients recovering from illness, injury, or surgery and for those managing chronic conditions.
• Hospice Care Services Compassionate end-of-life care for terminally ill patients with a life expectancy of 6 months or less, delivered at home by an interdisciplinary team. Includes pain and symptom management, medications related to terminal illness, medical/nursing/social services, durable medical equipment, aide and homemaker services, and spiritual care for patients and loved ones.

Quantifiable outcome

• 89% of patients would rate the service delivered as 'excellent'
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

One partnership is on record.

• CMS (Centers for Medicare & Medicaid Services)coreOthers · 27 May 2026CMS imposed a moratorium on new home health enrollment in Medicare, preventing established home health providers including Enhabit from expanding to new territories through de novo branch expansion.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BrightSpring Health Services: Provider of home and community-based health services including home health, hospice, and pharmacy. Comparable business model and patient populations to Enhabit, with overlapping referral sources and payer relationships.
• Aveanna Healthcare: Diversified home health, hospice, and private duty services provider serving pediatric and adult patients. Competes with Enhabit in adult home health and hospice segments and faces similar Medicare reimbursement dynamics.
• Amedisys: One of the largest US home health and hospice providers, offering skilled nursing, therapy, and hospice services across dozens of states. Direct competitor to Enhabit in Medicare-certified home health and hospice, with comparable scale, payer mix, and regulatory exposure.
• Addus HomeCare: Provider of personal care, home health, and hospice services to elderly and disabled clients across multiple states. Overlaps with Enhabit's hospice and home health segments and competes for similar Medicaid and Medicare referrals.
• Chemed (VITAS Healthcare): Chemed's VITAS Healthcare division is the largest US hospice provider, competing directly with Enhabit's hospice segment. Comparable in hospice service delivery model, Medicare hospice reimbursement exposure, and end-of-life care positioning.
• LHC Group: National home health, hospice, and home-based care operator that was acquired by UnitedHealth/Optum. Directly comparable to Enhabit in service mix, geography, and referral-based GTM prior to the Optum transaction.
• AccentCare: Large private home health, hospice, and personal care provider operating in dozens of states. Directly comparable to Enhabit in service offering, scale, and post-acute care referral dynamics; led by former AccentCare CEO Stephan Rodgers, now on Enhabit's board.
• Pennant Group: Operator of home health, hospice, and senior living services with a multi-state footprint. Competes directly with Enhabit in hospice and home health, though at smaller scale, with a similar decentralized operating model.

Broad incumbents

• Encompass Health: Former parent of Enhabit, now focused on inpatient rehabilitation facilities. Adjacent post-acute care player and a key historical source of referrals, with shared origins in the legacy Encompass Health organization.
• CenterWell (Humana): Humana-owned home health (Kindred at Home) and primary care platform and one of the largest home health operators in the US. Competes with Enhabit in Medicare Advantage-aligned home health and represents a major scaled incumbent in the same space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/enhabit_hhh
• YouTubeyoutube.com/channel/UCpDQyKoGTT8mHTIGJZI_kGw
• Facebookfacebook.com/enhabithomehealthandhospice
• LinkedInlinkedin.com/company/enhabithhh
• Instagraminstagram.com/enhabithhh

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enhabit Home Health & Hospice