The merger has closed and the stock is delisted. No further trading in EHAB common stock is possible. Monitor for any appraisal rights or post-closing adjustments.
Price Chart
Executive Summary
Enhabit, Inc. has been acquired by Kinderhook Industries in an all-cash transaction valued at $13.80 per share, representing a ~33.8% premium to the pre-announcement 60-day VWAP. The merger closed on May 15, 2026, resulting in the delisting of EHAB common stock from the NYSE and the company becoming a private, wholly-owned subsidiary of Anchor Parent, LLC. The aggregate purchase price was approximately $762 million, funded through a combination of Kinderhook equity and third-party debt financing, including a $105M incremental term loan and a $40M revolving credit facility increase.
Key Financial Metrics
Key Facts
- Merger closed on May 15, 2026; shareholders received $13.80 per share in cash.
- Aggregate purchase price of approximately $762 million.
- Common stock delisted from NYSE; company becomes private.
- All 10 pre-merger directors resigned; new board appointed by Kinderhook.
- Credit facility amended: $105M incremental term loans (total $420M) and $40M revolving increase (total $200M).
- Transaction funded by Kinderhook equity and third-party debt.
Financial Impact
Shareholders received $13.80 per share in cash, a ~33.8% premium to the 60-day VWAP. Aggregate deal value ~$762M.
Risk Factors
- No further trading liquidity — stock is delisted.
- Potential appraisal litigation from dissenting shareholders.
- Post-merger integration and leverage risk for the private company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-225491 |
| Document: d123700d8k.htm | 0001193125-26-225491 |
| Document: d123700dex31.htm | 0001193125-26-225491 |
| Document: d123700dex991.htm | 0001193125-26-225491 |
| Document: 0001193125-26-225491-index-headers.html | 0001193125-26-225491 |
| Document: 0001193125-26-225491-index.html | 0001193125-26-225491 |
| Document: 0001193125-26-225491.txt | 0001193125-26-225491 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
May 26, 2026 22w ago | 15-12G | — | awaiting T+20 | — | — |
May 15, 2026 23w ago | 25-NSE | $13.80 | awaiting T+20 | — | — |
May 15, 2026 23w ago | 8-K | $13.80 | awaiting T+20 | — | — |
May 12, 2026 24w ago | 8-K | $13.79 | awaiting T+20 | — | — |
May 5, 2026 25w ago | 8-K | $13.74 | awaiting T+20 | — | — |
Apr 16, 2026 27w ago | 8-K | $13.72 $13.80 | ▲ +0.58% | ▼ −4.79% | — |
Apr 14, 2026 28w ago | DEFM14A | $13.71 $13.79 | ▲ +0.58% | ▼ −5.46% | — |
Mar 10, 2026 33w ago | Insider Cluster | $13.60 $13.99 | ▲ +2.87% | ▲ +3.02% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers