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 […]
New Day Healthcare
Coming off the acquisition of Intrepid USA’s hospice operations in Missouri and Texas, M&A will continue to be a major growth driver for New Day Healthcare. For New Day, the most recent acquisition will allow the company to have the full care continuum in both markets. This is imperative to the company’s ability to be […]
The Future Leaders Awards program is brought to you in partnership with Homecare Homebase. The program is designed to recognize up-and-coming industry members who are shaping the next decade of home health, hospice care, senior housing, skilled nursing, and behavioral health. To see this year’s Future Leaders, visit https://futureleaders.agingmedia.com/. Alex Melugin, president at Springfield, Missouri-based […]
New Day Healthcare has made Jeff Bonham its senior leadership executive and operations project specialist. He will head up the company’s strategic initiatives around Medicare Advantage (MA), and a virtual home health model to support MA business. “Bringing Jeff on board is a huge lift for New Day as we continue to ‘Burn the Ships’ […]
While some private equity investors have been sidelined by macro and micro headwinds, there are still plenty of PE firms invested in home-based care that like where they are. On the Medicare-certified home health side, one factor that may have made investors hesitant to enter the space is the challenging payment landscape. Despite this, Kaltroco […]
Internal and external headwinds have conjoined to curtail dealmaking in home-based care over the last couple of years. Amid those headwinds, however, there are companies like New Day Healthcare and VitalCaring that are banking on big-time growth in 2024 and 2025, largely driven by acquisition. As growing providers, each company has picked up what they […]
Careforth names new chairman of the board Amedisys Inc. (Nasdaq: AMED) veteran Paul Kusserow is serving as Careforth’s chairman of the board. Boston-based Careforth is a family caregiver support platform. The company recently announced that it was able to lower adverse health event occurrences and keep seniors out of costlier settings. Currently, Kusserow also serves […]
Grand opening, grand closing. Hospice providers began to work with Medicare Advantage (MA) via the Value-Based Insurance Design (VBID) demonstration in 2021. At the end of 2024, the “hospice carve-in” model will cease. This will have an impact on home health providers who offer hospice services, obviously. But the failure of hospice’s fit within VBID […]
Over the next 12-18 months, the mergers and acquisitions that do or do not take place in home-based care will tell a story worth listening to about the future of the space. The context has become monotonous to tell at this point: high interest rates are affecting dealmaking across the country; Medicare Advantage (MA) penetration […]
New Day Healthcare has been one of the most active acquirers in home health care over the last year. As it grows, it’s looking to set itself apart from the home health company archetype of yesteryear. At the heart of New Day’s paradigm-shifting approach lies a commitment to remote home health models, a concept born […]
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