Enhabit, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:16 pm EST
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Enhabit, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 2.4 million compared to net income of USD 8.6 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.
For the nine months, net loss was USD 74.1 million compared to net income of USD 54.8 million a year ago. Basic loss per share from continuing operations was USD 1.48 compared to basic earnings per share from continuing operations of USD 1.1 a year ago. Diluted loss per share from continuing operations was USD 1.48 compared to diluted earnings per share from continuing operations of USD 1.1 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.