Added to YB: 2024-05-13
Pitch date: 2024-05-10
EHAB [bullish]
Enhabit, Inc.
+60.47%
current return
Author Info
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Company Info
Enhabit, Inc. provides home health and hospice services in the United States. The Home Health segment offers nursing care; physical, occupational, and speech therapy; medical and social work; and home health aide services.
Market Cap
$706.4M
Pitch Price
$8.60
Price Target
16.58 (+20%)
Dividend
N/A
EV/EBITDA
11.52
P/E
-212.50
EV/Sales
1.10
Sector
Health Care Providers and Services
Category
special_situation
Enhabit: Failed Strategic Alternatives Process, Proxy Fight
EHAB: Recent spinoff of home health & hospice biz at 4.5x EBITDA. Activist AREX (4.8%) seeks board seats after failed sale review. Industry tailwinds: aging population, cheaper care settings, consolidation (UnitedHealth bought AMED at 13.7x EBITDA). Near-term headwinds: debt load, Medicare Advantage shift pressuring margins. Stabilizing traditional Medicare mix + activism could drive operational & strategic (M&A post-7/24) upside. Highly leveraged re-rating play.
Read full article (3 min)