Kirkland Advises Kinderhook on $1.1 Billion Acquisition of Enhabit
Kirkland & Ellis advised private equity firm Kinderhook Industries, LLC on a definitive agreement to acquire leading national home health and hospice provider Enhabit, Inc. (NYSE: EHAB) in an all-cash transaction for a total enterprise value of $1.1 billion. Under the terms of the agreement, Enhabit stockholders will receive $13.80 per share in cash. The acquisition was unanimously approved by Enhabit’s Board of Directors and is expected to close in the second quarter of 2026, subject to the receipt of approval of Enhabit stockholders and regulatory approvals and the satisfaction of other customary closing conditions. Certain of Enhabit’s executive officers have entered into a customary voting and support agreement to vote in favor of the transaction at the special meeting of Enhabit stockholders to be held in connection with the transaction. Enhabit will continue operating under the Enhabit name and brand following the close of the transaction.
Read the transaction press release
The Kirkland team included corporate lawyers Marshall Shaffer, Tom Marbury, Steven Choi, Kartik Khanna, Jaime Travers-Fein, Sam Paine, Zach Burgess and Sophie Abrams; debt finance lawyers Yongjin Im, Justin Greer and Clare Azzopardi; executive compensation lawyers Stephen Brecher and Daniel Iverson; healthcare lawyers Dennis Williams, Micah Desaire, Giselle Lai, Isabelle Breier and Aliza Seidenfeld; tax lawyer Ben Schreiner and Jeremy Miller; antitrust & competition lawyers Ian John and Sam Morelli; employee benefits lawyers Chris Chase and Caitlin Bradford; employment & labor lawyers Mari Stonebraker and Olivia Hunter; and technology & IP transactions lawyers Daisy Darvall, David Yaka and Nathan Abernathy.
