MergerMay 7, 2026, 04:38 PM
Enhabit Q1 Net Income $19.2M; Merger with Anchor Parent Expected Q2 2026
AI Summary
Enhabit, Inc. reported strong first-quarter 2026 financial results, with net income attributable to the company increasing to $19.2 million and diluted EPS rising to $0.36. The company also confirmed that its previously announced merger with Anchor Parent, LLC, an affiliate of Kinderhook Industries, LLC, is expected to close in the second quarter of 2026. Additionally, Enhabit refinanced its credit facilities and recognized a significant gain from a legal settlement.
Key Highlights
- Merger with Anchor Parent, LLC expected to close in Q2 2026.
- Net service revenue increased 1.9% to $264.8 million in Q1 2026.
- Net income attributable to Enhabit, Inc. rose 7.9% to $19.2 million.
- Diluted EPS increased to $0.36 from $0.35 year-over-year.
- Operating income surged 84.3% to $29.3 million.
- Net cash provided by operating activities more than doubled to $35.2 million.
- Home Health segment revenue was $201.8 million, Hospice segment revenue $63.0 million.
- Refinanced debt with a new $315.0M term loan and $160.0M revolving credit facility.