Thu, Mar 6, 10:00 PM (52 days ago)
**Enhabit, Inc. (EHAB) 2024 10-K Summary:** Enhabit, Inc. reported a net service revenue of $1,034.8 million for the year ended December 31, 2024, a slight decrease of 1.1% from 2023, primarily due to a 3.0% decline in its Home Health segment. The average daily census in Home Health decreased by 2.1%. Conversely, the Hospice segment experienced a 7.0% revenue increase, driven by improved reimbursement rates and a 3.6% growth in average daily census. The company incurred an operating loss of $115.1 million, significantly impacted by a $161.7 million goodwill impairment charge. Operating expenses decreased to $425.9 million, reflecting cost-saving initiatives. The net loss attributable to Enhabit was $156.2 million, equating to a loss per share of $3.11. The company is navigating a competitive landscape with significant reliance on Medicare, which accounted for 58.8% of Home Health revenue. Risks include regulatory changes, rising operating costs, and the shift towards Medicare Advantage plans, which typically offer lower reimbursement rates. Looking forward, Enhabit aims to leverage its operational efficiencies and expand its market presence through strategic acquisitions and new location openings, despite ongoing challenges in staffing and reimbursement pressures.