Kinderhook Industries has completed its acquisition of Enhabit, according to a news release.
The deal was valued at approximately $1.1 billion.
Enhabit, founded in 2022 when it was spun off from Encompass Health Corp. and based in Dallas, is a national home health and hospice provider.
Kinderhook, founded in 2003 and based in New York, is a middle market private equity firm. The firm specializes in management buyouts of entrepreneurial-owned businesses operating in healthcare services and a few other sectors.
With the transaction completed, Enhabit’s common stock has ceased trading on the New York Stock Exchange and the company has become a privately held entity.