Hospice News July 15, 2024
Amid a feud with one of its minority investors, Enhabit inc. (NYSE: EHAB) has demonstrated steady hospice growth, according to preliminary Q2 financial results released on Monday.
The company will release its comprehensive earnings report next month. But this early report indicates that Enhabit has seen five straight months of sequential hospice average daily census growth, though the report did not quantify that increase. Meanwhile, its home health segment saw a 6.4% year-over-year rise in admissions during the second quarter.
“Overall, the second quarter of 2024 is on track to mark Enhabit’s third consecutive quarter of business stabilization and successfully positioning the company for profitable growth,” CEO Barb Jacobsmeyer said in a statement. “This momentum underscores the strength of our...
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