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Enhabit (EHAB) investor relations material

Enhabit UBS Global Healthcare Conference 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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UBS Global Healthcare Conference 2025 summary11 Nov, 2025

Performance assessment and strategic highlights

  • Hospice segment outperformed expectations, reinforcing recent strategic initiatives and payer negotiations.

  • Home health payer strategy is yielding results, with leverage reduction and improved free cash flow.

  • Margin durability in hospice is strong, while home health margins depend on the final CMS rule.

  • Deleveraging has improved balance sheet flexibility for investments and potential M&A.

  • Execution on cost savings, growth, and operational pilots has built confidence in offsetting regulatory headwinds.

Growth outlook and operational initiatives

  • Home health expected to grow at low to mid-single digits; hospice at mid to high single digits, with current outperformance.

  • De novo strategy targets 10 new locations annually, mostly hospice, in markets with existing home health presence.

  • Overlap between home health and hospice is being optimized, with 25-30% of hospice referrals from home health.

  • Visit-per-episode pilot reduced visits from 15 to 13, freeing capacity and supporting margin expansion.

  • Clinician engagement and transparency have supported operational changes without harming quality.

Regulatory and payer environment

  • Awaiting final CMS rule, expected by early December, with hopes for improvement over the proposed 6.4% rate cut.

  • Mitigation strategies include cost discipline, visit reduction, and payer innovation contracts.

  • Worst-case regulatory headwind estimated at $35-40 million, but offset strategies are in place.

  • Recent payer negotiations led to a low double-digit rate increase after temporary census disruption.

  • Most major payers now have innovation contracts; high-quality outcomes and census growth are key in renegotiations.

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Frequently asked questions

Enhabit Inc. is a healthcare services company specializing in home health and hospice care. The company provides personalized medical and non-medical services to patients in their homes, focusing on post-acute care, rehabilitation, and end-of-life support. Enhabit serves patients, families, and healthcare providers, aiming to improve health outcomes and quality of life. The company is headquartered in Dallas, Texas, and its shares are listed on the NYSE.

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