Private equity firm Kinderhook Industries has agreed to acquire Enhabit Health, a provider of home health and hospice services, in a deal valued at $1.1 billion. Under the terms, Enhabit shareholders will receive $13.80 per share in cash, representing a significant premium over recent trading prices.

The transaction underscores continued investor interest in the healthcare services sector, particularly companies that provide at-home care solutions. Enhabit, which operates across multiple states, has been expanding its footprint in the growing market for home-based medical services as healthcare delivery increasingly shifts away from traditional institutional settings.

This acquisition follows a period of consolidation in the home health industry, driven by demographic trends and the rising demand for cost-effective care alternatives. For Kinderhook, the deal represents its latest investment in healthcare services, adding to a portfolio that includes various medical and wellness businesses.