A federal judge in Delaware has ordered home health and hospice provider VitalCaring and its private equity backers to share future profits with Encompass Health (NYSE: EHC) and Enhabit Inc. (NYSE: EHAB). The case has a long circuitous history that dates back to 2022 when Encompass Health spinned off its home health and hospice business as a standalone company, now known as Enhabit Inc. The court ordered that 43% of VitalCaring’s future profits be placed in trust to benefit Encompass and Enhabit. The remaining 57% would go to VitalCaring’s private equity backers, the Vistia Group and Nautic Partners.
Read the full article: Court Orders VitalCaring to Place 43% of Profits into Trust for Encompass Health, Enhabit //
Source: https://hospicenews.com/2024/12/03/court-orders-vitalcaring-to-place-43-of-profits-into-trust-for-encompass-health