Hedge fund investor calls for sale of home health provider Enhabit

Arex Capital Management called on the board of Enhabit Inc., Tuesday to put the home health and hospice provider up for sale due to “poor operational and share price performance.”

The New York-based hedge fund owns a 4.5% stake in Enhabit. 

In a letter to Enhabit CEO Barbara Jacobsmeyer and the company’s board, Arex urged the company to begin a strategic review before the end of the year and with a goal of selling the company. Arex…