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Enhabit Reported Preliminary Q2 Adj EBITDA Of $24.5M-$25.0M, Reduced Bank Debt by $15M

Author: Benzinga Newsdesk | July 15, 2024 07:50am

Enhabit, Inc. (NYSE:EHAB) ("Enhabit" or the "Company"), a leading home health and hospice provider, today announced certain unaudited preliminary results for the second quarter ended June 30, 2024. The Company plans to report actual second quarter 2024 financial results on Aug. 6, 2024, and host a webcast and conference call on Aug. 7, 2024.

Unaudited Preliminary Results for the Second Quarter Ended June 30, 2024

  • Adjusted EBITDA* in the range of $24.5 million to $25.0 million
  • Reduced bank debt by $15 million, including a $10 million payment on Enhabit's revolving credit facility
  • 43% of Enhabit's non-Medicare visits shifting to payor innovation contracts at improved rates, an increase from 38% in the first quarter of 2024

Posted In: EHAB


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