Enhabit, Inc. is a U.S.-based independent provider of home health, hospice, and personal care services, with over 10,700 employees and annual revenues exceeding $1 billion.

# Company Overview of Enhabit, Inc.

**Enhabit, Inc.** is an independent provider of home health, hospice, and personal care services in the United States. It was formerly a reporting segment of Encompass Health Corporation but became a standalone public company following its separation through a distribution of shares in July 2022.

## Business Focus
- **Core Services**:
  - **Home Health**: Provides medical and non-medical care services delivered primarily in patients' homes.
  - **Hospice Care**: Offers end-of-life care focusing on comfort and quality of life.
  - **Personal Care Services**: (implied through related service segments, though specific details are not provided)

## Key Metrics and Financial Data (as of fiscal year ending December 31, 2024)
- **Number of Employees**: Over **10,700** employees.
- **Number of Shares Outstanding**: Approximately **50.6 million** shares of common stock.
- **Market Capitalization**: The market value of non-affiliate voting stock was approximately **$440.4 million** as of the last business day of Q2 2024.
- **Revenue**:
  - **Total net revenue for 2024**: **$1,034.8 million** (approximately $1.035 billion).
- **Income**:
  - **Net (loss) income for 2024**: **-\$154.0 million**, indicating a net loss for the period.
- **Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA)**:
  - **2024**: **$100.1 million**, a 2.6% increase from the previous year.

## Business Achievements in 2024
- **Growth in Contracted Services**:
  - Increased the percentage of home health visits under Payer Innovation contracts to **48%** from **22%** at the end of 2023.
- **Medicare FFS Admissions**:
  - Stabilized Medicare fee-for-service admissions, which accounted for **44%** of total home health admissions in the last three quarters of 2024.
- **Hospice Care**:
  - Average daily hospice census increased sequentially each month, from **3,433** in January to **3,729** in December.
- **Expansion**:
  - Opened **6** new locations: **5 hospice** and **1 home health**.
- **Quality Outcomes**:
  - Achieved better-than-average results in:
    - **30-day hospital readmission rates** (20.0% improvement over national average)
    - **Hospice visits in the last days of life** (41.6% better than national average)
  
## Summary
Enhabit, Inc. primarily provides home-based healthcare services including home health and hospice care, serving a large workforce of over 10,700 employees, with annual revenue exceeding $1 billion. The company emphasizes quality care, operational expansion, and contract diversification in its growth strategy, despite reporting a net loss for 2024.

Enhabit, Inc. is a healthcare company specializing in home health and hospice services, emphasizing patient-centered care and innovative delivery methods.

# Enhabit, Inc. Overview

**Business Description:**
Enhabit, Inc. is a healthcare company primarily focused on providing home health and hospice services. The company's offerings include skilled nursing care, physical therapy, and hospice care aimed at delivering high-quality, patient-centered services to individuals in need of healthcare support in their homes. Enhabit emphasizes innovation in care delivery and maintains a commitment to quality outcomes, making it a significant player in the home health and hospice industry.

**Key Details:**
- **Founded:** Enhabit became an independent public company following its separation from Encompass Health Corporation on July 1, 2022.
- **Headquarters:** Dallas, Texas.
- **Customer Base:** As of December 2023, Enhabit operates services for over 10,800 patients/clients across its network.
- **Employees:** Enhabit employs approximately 10,800 individuals, highlighting its extensive workforce to support its operations.
- **Revenue (2023):** The company reported consolidated net revenue of **$1,046.3 million** for the fiscal year ended December 31, 2023.
- **Adjusted EBITDA (2023):** Enhabit posted an Adjusted EBITDA of **$97.6 million** for the same period.
- **Operational Focus:** 
  - The company has developed relationships with Medicare Advantage plans, negotiating **41 new agreements**, which represent its strategic focus on improving reimbursement rates.
  - In 2023, Enhabit opened **eight new service locations**, further expanding its reach in the healthcare market.
  
**Quality of Care Metrics:**
Enhabit focuses heavily on the quality of care delivered to its patients, achieving better than average outcomes:
- The company’s **30-day hospital readmission rate** was **20.5% better than the national average**.
- Its **hospice visit metrics in the last days of life** showed a remarkable outcome, being **53.2% better than the national average**.

**Financial Performance:**
- Enhabit is navigating various challenges in the industry, including labor costs and changes in home health payer mix but continues to focus on quality service and operational goals.
- While the company faced a **net loss** of **$79.0 million** for the fiscal year, it demonstrated a commitment to improvement through strategic initiatives.

**Market Position:**
By leveraging technology and focused care strategies, Enhabit has positioned itself to become a leader in the home health space, prioritizing patient care excellence and innovative partnerships.

**Conclusion:**
Enhabit, Inc. is dedicated to enhancing the quality of home health and hospice care while fostering growth through operational efficiency and strategic partnerships with payors, showcasing a commitment to delivering valuable healthcare solutions.

Enhabit, Inc.

10-K / April 29, 2025

10-K / April 26, 2024

10-K / April 29, 2025

Company Overview of Enhabit, Inc.

Business Focus

Key Metrics and Financial Data (as of fiscal year ending December 31, 2024)

Business Achievements in 2024

Summary