Home Health Care News November 25, 2024
New Day Healthcare – one of the fastest-growing home-based care organizations in the country – has picked up more fuel for its growth engine. The company announced Monday that it has closed on a $125 million senior credit facility with First Citizens Bank.
Backed by the private investment company Kaltroco, New Day has executed about a dozen deals since it was founded in 2020. Most recently, it acquired hospice assets from Intrepid USA.
The company, which is based in Fairview, Texas, offers home health care, home care and hospice services. In addition to its home state, New Day provides care in Illinois, Kansas and Missouri via 30 locations.
The funding from First Citizens Bank will “refinance New Day’s existing debt,...
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