AREX Capital Expresses Disappointment in Enhabit’s Continued Excuses and Empty Promises
05 Luglio 2024 - 3:20PM
Business Wire
Highlights Enhabit’s Disappointing Total
Stockholder Return
Believes Evidence Is Overwhelming that
Enhabit’s Strategies Are Not Working
Emphasizes Enhabit’s Repeated Pattern of
Making Promises It Does Not Keep and Claiming Progress It Has Not
Achieved
Reiterates Enhabit’s Need for
Industry-Specific Expertise on Board
AREX Capital Management, LP (together with its affiliates,
“AREX”), the beneficial owner of approximately 4.9% of the
outstanding common shares of Enhabit, Inc. (NYSE: EHAB) (“Enhabit”
or the “Company”), today issued an open letter to its fellow
stockholders expressing its disappointment in the Company’s recent
investor presentation, which it believes recycles the same excuses
and makes the same empty promises on which the Company has
repeatedly failed to deliver.
The full text of the letter can be found here: Enhabit’s Excuses
and Empty Promises.
AREX encourages stockholders to vote for all seven of its highly qualified nominees on the
WHITE Proxy Card at the
upcoming 2024 Annual Meeting of Stockholders. AREX believes this is
the only way to ensure that Enhabit has a board of directors with
the right experience and skills to effectively oversee management
and help them drive operational improvements that can lead to
significant value creation for stockholders.
Stockholders are encouraged to visit www.rehabEHAB.com for
additional information and to download the presentation detailing
the AREX Slate’s comprehensive plan to turn around Enhabit’s
operational performance: Rehabilitate Enhabit.
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/20240705086860/en/
Investor Contact
Saratoga Proxy Consulting John Ferguson (212) 257-1311
rehabEHAB@saratogaproxy.com
Media Contact
Longacre Square Partners Charlotte Kiaie / Bela Kirpalani (646)
386-0091 rehabEHAB@longacresquare.com
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