Business Description

Overview We are a leading provider of home health and hospice services in the United States. We strive to provide our patients with superior clinical care, where our patients prefer it: in their homes. For over 25 years, we have provided care in the low-cost home setting while achieving high-quality clinical outcomes and demonstrating a consistent ability to innovate during varying economic and regulatory climates. As of December 31, 2025, we operated 249 home health and 117 hospice locations across 34 states. We operate our business in two segments, Home Health and Hospice. Each provides a comprehensive range of high‑quality, Medicare-certified services. • Our Home Health segment provides skilled home health services, including nursing care, physical, occupational and speech therapy, medical social work, and home health aide services. For the year ended December 31, 2025, our Home Health segment had an average daily census of 41,786 and generated $813.8 million in Net service revenue , or 76.8% of Enhabit’s total Net service revenue . • Our Hospice segment provides skilled hospice services, including nursing care, pain and symptom management, palliative and dietary counseling, social worker visits, spiritual counseling, and family member bereavement to terminally ill patients and their families. For the year ended December 31, 2025, our Hospice segment had an average daily census of 3,985 patients and generated $246.2 million in Net service revenue , or 23.2% of Enhabit’s total Net service revenue . Enhabit is a Delaware corporation, founded in 1998 and headquartered in Dallas, Texas. We operated as a reporting segment of Encompass Health Corporation (“Encompass”) from December 2014 to July 1, 2022, when we became an independent public company through the distribution of all outstanding shares of our common stock, par value $0.01 per share, to the stockholders of Encompass. Our common stock is listed under the symbol “EHAB” on the New York Stock Exchange. See Note 1, Summary of Significant Accounting Policies—Separation from Encompass , to the accompanying consolidated financial statements.