tiprankstipranks
Trending News
More News >

Enhabit, Inc. Sells Medalogix Stake for $21 Million

Story Highlights
Enhabit, Inc. Sells Medalogix Stake for $21 Million

An update from Enhabit, Inc ( (EHAB) ) is now available.

Enhabit, Inc. sold its investment interest in Medalogix, a healthcare predictive data and analytics company, for approximately $21 million following Medalogix’s merger with Forcura in a private equity-backed transaction on March 19, 2025. The proceeds from this sale are expected to be used by Enhabit, Inc. to reduce debt under its credit agreement, potentially impacting its financial stability and operations.

More about Enhabit, Inc

YTD Price Performance: 18.97%

Average Trading Volume: 315,015

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $469M

Find detailed analytics on EHAB stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App