Hospice News December 2, 2024
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 to CEO and Founder G. Scott Herman. New Day Healthcare is majority owned by the private equity firm Kaltroco.
Hospice is a cornerstone of New Day’s strategic focus. To date, the company has integrated 11 acquisitions into its pipeline, four of which have involved hospice assets.
“This financing supports New Day’s growth strategy as we expand our offerings to better serve communities across the United...
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