One of home health care’s biggest public battles continued Thursday, as an outside advisory firm made its recommendations regarding the future of the Enhabit Inc. (NYSE: EHAB) board. AREX Capital Management – which owns 4.9% of Enhabit’s outstanding common shares – has been challenging Enhabit’s strategic direction for more than a year. Initially, the activist […]
AREX Capital Management
On Monday, Enhabit Inc. (NYSE: EHAB) defended its strategy of taking on more Medicare Advantage (MA) revenue over the last couple of years. It did so in yet another response to AREX Capital Management, an activist investor that owns 4.9% of Enhabit shares. Enhabit and AREX Capital – which wants to replace Enhabit’s current board […]
The activist investor AREX Capital Management has again taken aim at Enhabit Inc. (NYSE: EHAB) in what has become an ongoing, public and back-and-forth feud. AREX Capital – which owns 4.9% of Enhabit shares, making it a top-5 shareholder – initially urged the Enhabit board to undergo a strategic review last year when the company […]
Enhabit Inc. (NYSE: EHAB) remains on the defensive against the activist investor AREX Capital Management. Last month, it provided more details around its completed strategic review, explaining the rationale behind remaining an independent company, in lieu of a merger or a sale. On Monday, it laid out its reasoning behind past struggles, its plan for […]
When looking back at the bumpy road that has been the last couple of years, Enhabit Inc. (NYSE: EHAB) views the formation of its payer innovation team as one of its most critical moves. “Not only did we have a higher amount of fee-for-service, but the Medicare Advantage mix that we did have paid us […]
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 […]
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