Personal fairness agency Kinderhook Industries has agreed to amass house care and hospice supplier Enhabit Inc. (NYSE: EHAB) for about $1.1 billion in an all-cash deal.

The deal, introduced on Monday, will take Enhabit personal, with its shares ceasing buying and selling as soon as the transaction is accomplished.

“Over the previous 4 years, Enhabit has strengthened its position as a number one nationwide supplier of house well being and hospice care, and this settlement is a superb final result for our shareholders, physicians, caregivers, sufferers and their households,” stated Barb Jacobsmeyer, president and CEO of Enhabit, in an announcement. “Below Kinderhook’s possession, Enhabit will profit from extra sources and experience that can help long-term investments in our folks, medical excellence and innovation with out the short-term pressures of the general public markets.”

The deal is predicted to shut within the second quarter of 2026.

Enhabit shareholders will obtain $13.80 per share in money as a part of the deal, which represents a premium of roughly 24.4% to Enhabit’s closing share value on February 20, the final full buying and selling day earlier than the deal was introduced, and a 33.8% premium to the corporate’s 60-day volume-weighted common share value for the interval ending February 20.

Jeffrey Bolton, chairman of Enhabit’s board of administrators, stated Enhabit’s board evaluated the present state of affairs, prospects and alternatives earlier than reaching the settlement and that the board is “assured” that the transaction will maximize shareholder worth.

Kinderhook is a mid-market personal fairness agency with investments in healthcare, environmental and industrial providers, and light-weight manufacturing and automotive industries. It focuses on corporations with a ‘defensible area of interest market positioning’. The corporate has raised greater than $10 billion in dedicated capital. Its healthcare portfolio contains value-based major care supplier Higher Well being Group, healthcare and pharmacy supplier Avita Care Options and value-based built-in healthcare supplier AbsoluteCare.

“Due to its distinctive care groups and powerful management, Enhabit has constructed a status for excellence within the healthcare business,” stated Matt Bubis, CEO of Kinderhook. “As a supporting accomplice, our position is to develop and advance the nice work they’re already doing and to assist take away obstacles so their groups can proceed to give attention to sufferers. For us, this funding is easy: it is about supporting an ideal group and giving it the house and sources to achieve the long run.”

Dallas-based Enhabit operates 249 house care places and 117 hospice places in 34 states. In response to the corporate, it should retain its title and model after the Kinderhook deal closes.

The information comes amid a management transition on the firm. Enhabit CEO Jacobsmeyer beforehand introduced her plan to depart her place in July 2026, or upon the appointment of her successor.