On November 11, Texas-based New Day Healthcare announced its acquisition of Intrepid USA’s hospice operations in Joplin and Springfield, Missouri and Beaumont, Texas.
Dallas-based home health and hospice provider Intrepid USA’s geographic footprint spans 66 locations in 14 states. Intrepid has two locations in Beaumont, Texas, where the company provides home-based hospice, palliative and supportive care services. The company provides hospice care at home through its location in Joplin, Missouri.
New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused on managing the fragmented home care environment and delivering a continuum of care to patients in need. The company provides care to nearly 120,000 patients annually across 30 locations in Illinois, Kansas, Missouri and Texas. New Day has an average daily census of 12,000 patients.
Brands under the New Day’s umbrella include Phoenix Home Care & Hospice, New Age Hospice, Compassion Hospice, Home Care Providers of Texas, Pathfinder Home Health, Envision Health Partners and AssistCare, among others.
The transaction expands New Day’s existing presence in those markets. New Day has additional strategic growth plans in store once the acquisition completes, with more deals on the near horizon in coming months, according to Herman.
“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,” Herman said in a press release. “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.” Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 84th Home Health & Hospice deal of 2024, as well as the 16th deal in the home hospice and palliative care specialty. This is an increase over last year, when there were 10 transactions announced in the home hospice and palliative care specialty between January 1, 2023, and November 11, 2023.
