AREX Capital Sets the Record Straight Regarding Enhabit’s Misleading Assertions
June 17 2024 - 9:00AM
Business Wire
Reiterates Need for Boardroom Change This
Year Following Enhabit’s Staggering Operating and Financial
Underperformance
Believes Enhabit’s Stockholders Deserve
Leadership That Can Navigate Challenging External
Environment
Disappointed by Board’s Continued Refusal to
Engage
Urges Stockholders to Vote FOR the AREX Nominees—Who are Best Positioned to
Rehabilitate Enhabit—on the WHITE
Proxy Card
AREX Capital Management, LP (together with its affiliates,
“AREX” or “we”), the beneficial owner of approximately 4.9% of the
outstanding common shares of Enhabit, Inc. (NYSE: EHAB)
(“Enhabit”), today issued an open letter to its fellow stockholders
regarding the misleading statements in Enhabit’s recent
communications.
The full text of the letter can be found here: AREX Sets the
Record Straight.
We believe voting for all seven of AREX’s nominees on the
WHITE proxy card at the
upcoming 2024 Annual Meeting of Stockholders is the best way to
ensure that Enhabit can remain a leader in the home health and
hospice industries with a board of directors that is capable of
effective management oversight and is accountable to
stockholders.
Stockholders are encouraged to visit www.rehabEHAB.com for
additional information.
About AREX
AREX Capital Management, LP is a value-oriented investment firm
based in New York City. AREX takes a long-term, opportunistic
approach to investing and focuses primarily on publicly traded
companies with significant, unrealized potential.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617861603/en/
Investor Contact Saratoga Proxy Consulting John Ferguson
(212) 257-1311 rehabEHAB@saratogaproxy.com Media Contact
Longacre Square Partners Greg Marose / Charlotte Kiaie (646)
386-0091 rehabEHAB@longacresquare.com
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