With pressure from an activist investor, Enhabit Inc. (NYSE: EHAB) has released more information surrounding its strategic review, which was completed earlier this month. Instead of a merger or sale, the Dallas-based home health and hospice company elected to remain an independent, public company. The activist investor, AREX Capital Management, previously said a sale was the “only acceptable outcome” of the review, which it had encouraged in the first place. Unsurprisingly, the firm was not thrilled with the route Enhabit’s board ended up taking.
Read the full article: With Pressure from Activist Investor, Enhabit Reveals More Details around Its Strategic Review //
Source: https://homehealthcarenews.com/2024/05/with-pressure-from-activist-investor-enhabit-reveals-more-details-around-its-strategic-review/