Enhabit, Inc. (NYSE:EHAB) may look for acquisitions. Barb Jacobsmeyer, President and Chief Executive Officer said during the Goldman Sachs 45th Annual Global Healthcare Conference, "I tend to think of our free cash flow conversion more in that 50% range. I think some of what we saw in the first quarter was timing of working capital.

Payroll and receivables sometimes make a big difference in that. So I tend to think of it again more as 50%. So if you use that 50% free cash flow conversion and think about $20 million of required amortization on our term loan, and $2 million to $3 million per year on de novos, the rest is up for grabs, and priority right now would be repayment on the revolver to continue to delever.

We do, as I mentioned, continue to diligence acquisition opportunities. And if we saw something strategically, we'd certainly consider it, but that remains the priority right now".