November 12, 2024, McKinney, Texas — New Day Healthcare, a market-leading provider of home-based services, today announced the acquisition of hospice operations in Missouri and Texas from Intrepid USA. The hospice operations will complement New Day’s existing service line offerings and seamlessly layer into existing operations.
In Missouri, the acquisition covers Intrepid assets in the Joplin and Springfield markets. In Texas, assets are integrated into the existing Beaumont market.
“We plan to provide multiple service lines in the markets we serve and expect to continue to expand those offerings, both within our footprint and in new markets,” said New Day CEO G. Scott Herman. “The team members we are adding are best in class and we are thrilled to welcome them to New Day. We expect a smooth transition as we welcome them on board.”
New Day continues to grow both organically and through acquisitions, and has additional acquisitions expected to close over the next several months. To date, New Day has integrated 11 acquisitions.
New Day has expanded its continuum-based footprint to 30 locations across Texas, Missouri, Kansas, and Illinois. Touching nearly 120,000 patients annually, New Day employs approximately 7,800 team members in home health, hospice, pediatrics, clinical decision support, and personal care.
About New Day Healthcare
New Day Healthcare LLC (www.newdayhealthcare.com) was founded in 2020 by former home care and hospice leaders with a history of building patient-centered companies and cultures based in value and innovation. New Day believes that treating all patients with honor and kindness is a key for a successful home care business, and exceptional care leads to exceptional financial results. New Day Healthcare operates in Illinois, Kansas, Missouri, and Texas, through several home care companies.
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
