Display ad
HomeHealthHealth careEncompass Health spins off Enhabit Home Health and Hospice

Encompass Health spins off Enhabit Home Health and Hospice

Encompass Health has accomplished a spin-off of Enhabit, its residence well being and hospice enterprise, the businesses introduced Friday.

Encompass Health’s board of administrators characterised the separation as a method for every entity to be extra flexible and strategic in operations and acquisitions. The firm expects Enhabit to earn greater than $1 billion this yr, in keeping with steering issued final month.

“Today marks a new and exciting chapter for our company, and we look forward to embarking on this next phase of growth with our team,” Enhabit President and CEO Barb Jacobsmeyer mentioned in a information launch. “As an independent company, we will have enhanced strategic and operational flexibility to put the interests of our patients, people and investors first.”

Enhabit is now an unbiased public firm traded on the New York Stock Exchange. Stockholders got one share of Enhabit inventory for each two shares of Encompass Health inventory they owned as of June 24.

The residence well being trade has been exploding in development because the nation’s inhabitants ages and suppliers look to fulfill their wants. By 2040, 81 million U.S. residents will probably be 65 or older, up from 54 million in 2019, in keeping with Health and Human Services Department knowledge.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular