Home health and hospice care added another private equity-backed platform as Kinderhook Industries completed its acquisition of Enhabit at $13.80.

The company brings 251 home health locations and 117 hospice locations spanning 35 states into a single national network delivering clinical care in patients’ homes.

Enhabit’s clinicians support patients and families where they are most comfortable, using advanced technology to coordinate home health and hospice services.

The company emphasizes patient-centric care and had been publicly traded on the New York Stock Exchange prior to the take-private.

Kinderhook, a middle-market private equity firm founded in 2003, has raised over $11 billion of committed capital and made more than 500 investments and follow-on acquisitions.

Its healthcare services practice targets businesses with defensible niche positions.

Managing Director Chris Michalik said the firm was drawn to Enhabit’s clinical culture and market presence, and the partnership is intended to provide resources for continued care expansion and quality improvement.

LLC served as exclusive financial advisor and Jones Day as legal counsel to Enhabit.

Guggenheim Securities, LLC served as exclusive financial advisor and Kirkland & Ellis LLP as legal counsel to Kinderhook.

Joele Frank, Wilkinson Brimmer Katcher handled strategic communications for Enhabit.