Hospice News May 24, 2024
Holly Vossel

Dallas-headquartered Enhabit Inc. (NYSE: EHAB) has provided a wider view into its decision to remain a standalone business.

On Thursday, the company filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC), part of completing its recent strategic review process. The statement detailed the company’s recent decision not to pursue a sale, merger or other strategic alternative.

The statement was also filed in connection with Enhabit’s upcoming annual meeting and comes alongside pushback from a minority investor of the company, AREX Capital Management, and its affiliates. AREX recently notified Enhabit of its intent to nominate seven new candidates to join the ranks of the company’s board. If elected, the move would give AREX the lion’s share of...

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