PRIVATE EQUITY OWNED
Enhabit Home Health & Hospice
Includes Enhabit, EHAB, Enhabit Inc
home health & hospice · Dallas, TX
- PE Firm
- Kinderhook Industries
- Year Acquired
- 2026
PE bought 251 home health agencies and 117 hospices. Research says PE hospices spend 20% less on nursing. Do the math.
What They Did
- Kinderhook Industries took Enhabit private in May 2026 in a deal valued at roughly $1.1 billion — one of the largest home health and hospice providers in the country, with 251 home health and 117 hospice locations across 35 states
- Peer-reviewed research in Health Affairs found PE-owned hospices spend $34.40/patient day on nursing vs. $43.30 at nonprofits — a 20.6% gap that translates directly to fewer nurse visits for dying patients
- Enhabit was only independent for 4 years after spinning off from Encompass Health in 2022 — it went from public accountability to private equity opacity
Since the Acquisition
- 368 locations across 35 states means hundreds of thousands of patients — many elderly, homebound, or in end-of-life care — are now under PE management with zero public financial transparency
- Research compiled by the Center for Medicare Advocacy links for-profit and PE hospice ownership to lower consumer-reported quality, more complaints, and higher hospitalization rates — the people least able to advocate for themselves get the worst care
- When your home health provider goes private, there's no quarterly earnings call to reveal how much they're spending on your grandmother's care vs. how much they're paying their investors
Sources
- Kinderhook Industries To Acquire Enhabit For $1.1B — Home Health Care News(2026-02-23)
- What Enhabit's $1.1B Acquisition Means for the Hospice Landscape — Hospice News(2026-02-24)
- Private Equity-Owned Hospices Profit Most, Spend Least on Patient Care — Center for Medicare Advocacy(2025-11-13)
- Enhabit Completes Previously Announced Acquisition by Kinderhook Industries to Become a Private Company — Kinderhook Industries(2026-05-15)
- Private Equity-Owned Hospices Report Highest Profits, Lowest Patient Care Spending Compared With Other Ownership Models — Health Affairs(2025-10-01)
- Kinderhook Closes On Enhabit Acquisition — Home Health Care News(2026-05-15)