Enhabit, Inc. reported a net service revenue of $263.6 million for the third quarter of 2025, reflecting a 3.9% increase from $253.6 million in the same period of 2024. The company's net income attributable to Enhabit, Inc. was $11.1 million, a significant recovery from a loss of $110.2 million in the prior year. For the nine months ending September 30, 2025, total revenue reached $789.6 million, up 1.7% from $776.6 million in the previous year, with net income for the period at $34.1 million compared to a loss of $110.2 million in 2024.
The financial performance was bolstered by a 20% increase in revenue from the hospice segment, which generated $63.1 million in the third quarter, compared to $52.6 million in the same quarter of 2024. However, the home health segment experienced a slight decline, with revenue decreasing by 0.2% to $200.5 million. The overall improvement in profitability was attributed to a reduction in general and administrative expenses and a significant decrease in depreciation and amortization costs, which fell by 32.9% in the third quarter.
Operationally, Enhabit has been consolidating its branches, closing a total of 13 locations in 2025, including eight home health and five hospice branches. The company operates 247 home health and 115 hospice locations across 34 states. As of September 30, 2025, the company reported a cash balance of $56.9 million, up from $28.4 million at the end of 2024, and had $86.4 million available under its revolving credit facility.
Looking ahead, Enhabit faces challenges related to proposed changes in Medicare reimbursement rates, particularly a potential 6.4% decrease for home health services in 2026. The company is actively engaging in advocacy efforts to mitigate the impact of these proposed cuts. Additionally, management is focusing on enhancing operational efficiencies and cost control measures, particularly in response to inflationary pressures affecting labor costs. The company remains committed to recruiting and retaining high-quality personnel to support its service delivery.
About Enhabit, Inc.
Enhabit, Inc. is a leading provider of home health and hospice services in the U.S., focusing on delivering high-quality, cost-effective care in patients' homes. Its core segments include Medicare-certified home health and hospice, serving primarily older adults with chronic or terminal conditions. The company leverages technology, clinical expertise, and a disciplined operating model to improve outcomes, reduce costs, and foster industry partnerships.
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