Exclusive-AREX Capital to mount board challenge against Enhabit, sources say

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Go back to Exclusive-AREX Capital to mount board challenge against Enhabit, sources say

AREX Capital Expresses Disappointment in Enhabit’s (EHAB) Strategic Review Conclusion

May 9, 2024 9:16 AM EDT

AREX Capital Management, LP (AREX Capital Management or we), together with its affiliates, the owners of approximately 4.8% of the shares of Enhabit, Inc. (NYSE: EHAB) (the Company or Enhabit), today issued the below statement expressing its disappointment in the conclusion of Enhabits strategic review.

We are disappointed that Enhabits strategic review process has concluded without a sale of the Company. We do not believe that this failure reflects Enhabits intrinsic value or strategic potential. Rather, this failure lies with Enhabits Board. In March, we nominated a slate of seven highly qualified... More