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Enhabit Home Health & Hospice Acquires Caring Hearts Hospice

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Enhabit, Inc. (NYSE: EHAB) has acquired Caring Hearts Hospice, a local provider in Texas, effective October 1, 2022. This acquisition enhances Enhabit’s hospice service line by adding four new locations: Gun Barrel City, Mineola, Palestine, and Quinlan, Texas. The company, which ranks as the fourth largest Medicare-certified home health provider and the 12th largest hospice provider in the U.S., aims to expand its national footprint and improve patient care quality.

Positive
  • Expansion of hospice services with four new locations in Texas.
  • Strengthening of Enhabit's position as a major provider in the hospice market.
Negative
  • None.

Enhabit’s acquisition of Caring Hearts Hospice aims to further strengthen its hospice service line in Texas

DALLAS--(BUSINESS WIRE)-- Enhabit, Inc. (NYSE: EHAB), a leading home health and hospice provider, announced today the acquisition of Caring Hearts Hospice, a locally owned and operated hospice agency in Texas. Effective Oct. 1, 2022, this acquisition adds four hospice locations to Enhabit’s existing presence in Texas, allowing Enhabit to expand its nationwide footprint.

“We are excited to welcome the Caring Hearts Hospice employees to Enhabit,” says Enhabit President and CEO Barb Jacobsmeyer. “Their passion for and dedication to providing high-quality care to patients and their loved ones is a perfect fit for our team as we continue to expand our hospice service line.”

With the transaction, Enhabit will now have a presence in Gun Barrel City, Mineola, Palestine, and Quinlan, Texas. Enhabit is the fourth largest provider of Medicare-certified home health services and the 12th largest provider of Medicare-certified hospice services nationally.

To learn more about Enhabit and its service offerings, visit ehab.com. To learn more about joining our growing team, visit careers.ehab.com.

About Enhabit Home Health & Hospice

Enhabit Home Health & Hospice (Enhabit, Inc.) is a leading national home health and hospice provider working to expand what’s possible for patient care in the home. Enhabit's team of clinicians supports patients and their families where they are most comfortable, with a nationwide footprint spanning 251 home health locations and 100 hospice locations across 34 states. Enhabit leverages advanced technology and compassionate teams to deliver extraordinary patient care. For more information, visit ehab.com.

Media Contact

Erin Volbeda

media@ehab.com

972-338-5141

Investor Contact

Jennifer Hills

jennifer.hills@ehab.com

469-621-6496

Source: Enhabit, Inc.

FAQ

What are the details of Enhabit's acquisition of Caring Hearts Hospice?

Enhabit acquired Caring Hearts Hospice effective October 1, 2022, adding four new locations in Texas.

How will the acquisition impact Enhabit's services?

The acquisition will strengthen Enhabit's hospice service line and expand its operational footprint in Texas.

Where are the new hospice locations added by Enhabit?

The new locations are in Gun Barrel City, Mineola, Palestine, and Quinlan, Texas.

What is Enhabit's market position after the acquisition?

Enhabit is the fourth largest Medicare-certified home health provider and the 12th largest hospice provider nationally.

When was the acquisition of Caring Hearts Hospice completed?

The acquisition was completed on October 1, 2022.

Enhabit, Inc.

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