Kinderhook Industries to acquire Enhabit for $1.1bn.

Kinderhook Industries, a middle market private equity firm, agreed to acquire Enhabit, a national home health and hospice provider, for $1.1bn. "Following a thorough evaluation and extensive deliberations in consultation with our independent advisors, we are pleased to reach this agreement with Kinderhook. The Board evaluated the current state of the business, its outlook and opportunities, and is confident this transaction maximizes value for our stockholders and is in their best interest," Jeffrey W. Bolton, Enhabit Chairman.