Enhabit, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:30 pm EDT
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Enhabit, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was USD 74.4 million compared to net income of USD 20.1 million a year ago. Basic loss per share from continuing operations was USD 1.49 compared to basic earnings per share from continuing operations of USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 1.49 compared to diluted earnings per share from continuing operations of USD 0.41 a year ago.
For the six months, net loss was USD 71.7 million compared to net income of USD 46.2 million a year ago. Basic loss per share from continuing operations was USD 1.44 compared to basic earnings per share from continuing operations of USD 0.93 a year ago. Diluted loss per share from continuing operations was USD 1.44 compared to diluted earnings per share from continuing operations of USD 0.93 a year ago.
Enhabit, Inc. is a provider of home health and hospice services. The Companyâs segments include Home Health and Hospice. The Home Health segment provides a range of Medicare-certified skilled home health services, including skilled nursing, physical, occupational and speech therapy, medical social work, and home health aide services. Its home health business benefits from a diversity of referral sources, with patients referred from acute care hospitals, inpatient rehabilitation facilities, surgery centers, assisted living facilities, and skilled nursing facilities, as well as community physicians. The Hospice segment provides hospice services for terminally ill patients and their families. Its Medicare-certified hospice operations provide hospice services, including pain and symptom management, palliative and dietary counseling, social worker visits, spiritual counseling, and family member bereavement counseling. It operates over 110 hospice agencies and 255 home health agencies.