Shareholders Approve $1.1B Acquisition by Kinderhook; Merger Expected May 15
EHAB has more than doubled off its 52-week low of $6.47 on light trading volume (0.2× avg).
Summary
Enhabit, Inc. shareholders approved the company's acquisition by Kinderhook Industries, with the merger expected to close on May 15, 2026, leading to delisting from the NYSE.
Key Events · M&A and Partnerships · EHAB
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Shareholders Approve Merger
At a special meeting on May 12, 2026, Enhabit, Inc. stockholders voted to adopt the Agreement and Plan of Merger with Anchor Parent, LLC, an affiliate of Kinderhook Industries. The Merger Proposal was approved with 36,311,910 votes for, representing approximately 71% of outstanding shares.
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Merger Closing Date Set
Following shareholder approval, the parties intend to complete the merger on May 15, 2026, subject to customary closing conditions.
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Company to Delist from NYSE
Upon completion of the merger, Enhabit, Inc. common stock will be delisted from the New York Stock Exchange and will cease to be publicly traded.
Analysis · EHAB · Industrial Applications And Services
Enhabit, Inc. shareholders have approved the definitive merger agreement with Anchor Parent, LLC, an affiliate of Kinderhook Industries. This vote was the final major condition for the acquisition, which is now expected to close on May 15, 2026. Upon completion, Enhabit's common stock will be delisted from the New York Stock Exchange, marking the company's transition to private ownership. This provides certainty for investors regarding the previously announced $13.80 per share cash consideration.
At the time of this filing, EHAB was trading at $13.80 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $706.7M. The 52-week trading range was $6.47 to $14.22. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.