Having completed six deals in the past 16 months, New Day Healthcare is on the hunt for acquisitions using a three-pronged strategy. New Day seeks three kinds of deals, which CEO G. Scott Herman describes as tuck-ins, market expansion and transformational. Tuck-in are smaller deals the company pursues within its existing markets and co-locating its […]
Today’s hospice landscape is reaching a pivotal point of evolutionary growth that has come with increased oversight as regulators seek to curb fraudulent activity in the space, according to Bill Dombi, senior counsel for the law firm Arnall Golden Gregory (AGG). Dombi also recently joined New Day Healthcare LLC’s board of advisors. He previously served […]
The Texas-based home-based care provider New Day Healthcare has acquired the home health agency Patient Recovery Home Healthcare Services in Houston. Financial terms were undisclosed. The transaction marks New Day’s 14th successful acquisition to date and comes approximately one month after it acquired Christian Senior Care, also in Houston. Patient Recovery Home Healthcare has been […]
Hospices coast-to-coast have undergone leadership transitions, including changes in legal executives and a slew of newly appointed CEOs, among other roles in the industry. Former NAHC President Joins New Day Healthcare, Law Firm Bill Dombi has recently stepped into two new roles following his retirement as president of the National Association for Home Care & […]
New Day Healthcare has acquired the home-based care company Christian Senior Care Services in Houston for an undisclosed sum. The deal, New Day’s 13th to date, expands the company’s personal care services division into five additional counties in the Houston metro area. The operation will continue to operate under its current brand, and the entire […]
Hospices that have palliative care service lines may be better poised for growth in the merger and acquisition landscape compared to others. But the ability to demonstrate sustainability and scalability of these services will be crucial to manifesting a return on investment. Investors’ interest in palliative care has slowly mounted in recent years, with these […]
The hospice mergers and acquisitions market has seen a host of changes in recent years, with buyers and sellers examining a range of risks and opportunities in the field this year. The industry saw a flurry of M&A activity in 2019 and 2020, with record high valuations and deal volume. Subsequent years saw cooling periods […]
Interest in the hospice space has broadened amid rising demand, a trend resulting in more transactions and collaborative relationships with other health care providers. In this episode, Hospice News Senior Reporter Holly Vossel speaks with G. Scott Herman, founder and CEO of New Day Healthcare LLC, to uncover the scope of hospice assets currently in […]
Texas-based New Day Healthcare LLC has announced its acquisition of Good Samaritan Society’s hospice operations in its home state. The financial terms of the deal were undisclosed. The transaction includes Good Samaritan’s hospice assets in El Paso, Texas, expanding New Day’s existing presence in that market. The deal marks an important strategic move as New […]
New Day Healthcare LLC recently secured a $125 million senior credit facility with First Citizens Bank. That capital access will support the company’s acquisition pipeline in home health, hospice and personal care. Part of the funds will be utilized to complete the acquisition of four facilities, as well as several other transactions under consideration, according […]
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