Hospice News April 2, 2025
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 multifaceted business lines, including home health, hospice, personal care, private-pay nursing and therapy services.
Through market expansion transactions, New Day works to spread to new regions or states, primarily in markets that are contiguous with its existing footprint, with some exceptions.
“Transformational” deals are large-scale transactions that can “transform a market,” according to Herman. Since its founding in 2020, New Day has completed two such...
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