Shareholders Approve $1.1B Acquisition by Kinderhook; Merger Expected May 15

summarizeSummary

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.

check_boxKey Events

• 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.

• Merger Closing Date Set

  Following shareholder approval, the parties intend to complete the merger on May 15, 2026, subject to customary closing conditions.

• 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.

auto_awesomeAnalysis

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.