Dallas-based Enhabit hits the trading markets as North Texas’ newest public company

Dallas-Fort Worth’s newest community organization is a spinoff of a homegrown small business sold 8 yrs in the past in a $750 million deal.

Enhabit Residence Overall health and Hospice started buying and selling Friday on the New York Inventory Trade less than the ticker image EHAB. It had been a division of Birmingham-centered Encompass Wellbeing Corp., which adjusted its company identify from Overall health South just after buying Dallas-centered Encompass Home Well being and Hospice in 2014.

“We appear forward to embarking on this following period of expansion with our crew,” explained Enhabit president and CEO Barb Jacobsmeyer in a statement. “As an impartial firm, we will have increased strategic and operational overall flexibility … as we strive to provide significant-quality, compassionate care to each patient where by they are most comfortable: in their households.”

Enhabit is one of the nation’s most significant providers of home health and hospice providers, with about 10,000 employees in 34 states. It had internet revenue of $1.1 billion last yr. Medicare and Medicare Gain ideas are Enhabit’s major supply of cash flow.

By 2030, the selection of Individuals above the age of 65 is expected to develop by 30% to 73 million. That’s anticipated to develop a greater have to have for in-household treatment, according to the enterprise.

Enhabit’s predecessor business was launched by April Anthony in 1998. She also commenced company software company Homecare Homebase, which was purchased by Hearst at a valuation of $625 million in 2013.