Healthcare M&A and Valuation
News and Insights

On February 23, 2026, Enhabit, Inc. (NYSE: EHAB), a leading national home health and hospice provider, announced a definitive agreement to be acquired by Kinderhook Industries, LLC, a middle market private equity firm, in an all-cash transaction for a total enterprise value of approximately $1.1 billion. Enhabit stockholders will receive $13.80 per share in cash, representing a premium of approximately 24.4% to the closing stock price on February 20, 2026.

In January 2026, General Atlantic, a leading global growth equity firm, completed its acquisition of TEAM Services Holding, Inc., one of the largest providers of Medicaid-funded personal care and consumer-directed home care services in the United States, in a transaction valued at approximately $2.76 billion. Financial details were disclosed in bond rating reports from S&P Global Ratings and Fitch Ratings published in connection with financing for the transaction.

The home health sector is one of the largest areas of post-acute healthcare, with volume growth driven by both demographic pressures and patient preference for care in the home. Services range from skilled nursing and therapy delivered under a physician’s order (medical home health) to non-medical assistance with activities of daily living such as bathing, dressing, and meal preparation (personal care). While both segments share common growth drivers, their operating models,

Larger home health and hospice acquisitions dominate the headlines (examples here, here, and here), along with their often nosebleed...

Addus HomeCare Corp. (NASDAQ: ADUS) announced on June 29, 2023, that it intends to acquire Tennessee Quality Care, a provider of home...

Optum, the health services arm of UnitedHealth Group, has outbid Option Care Health to acquire Amedisys, a home health and hospice care...

Gentiva, a home health and hospice operator backed by Clayton Dubilier & Rice, announced on February 28, 2023 that it would acquire...

Optum, the healthcare technology and services arm of UnitedHealth Group, has announced its intent to acquire LHC Group, a leading...

On November 11th, Addus HomeCare announced it was purchasing Queen City Hospice, LLC, an Ohio-based hospice agency with three locations,...

On September 29th, Providence Service Corporation announced it was purchasing Simplura Health Group for $575m. According to the press...