Fairview, Texas-based New Day Healthcare has acquired AdvantageCare Home Health, a Hughes Springs, Texas-based senior home health and personal care provider. AdvantageCare has been serving clients in the area since 2008.
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. New Day has 21 locations across Texas, Missouri, Kansas and Illinois. It serves nearly 82,000 patients annually and employs about 6,200 employees. In 2021, the company secured $55.5 million in financing to pursue opportunities to scale its footprint.
New Day CEO G. Scott Herman said, “this acquisition will strategically advance our Texas expansion, where we already have a significant footprint.”
AdvantageCare Home Health marks New Day’s seventh completed transaction since its inception. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 65th Home Health & Hospice (HH&H) transaction of 2023. This is an approximately 26% decrease from last year, when 88 HH&H deals were announced between January 1, 2022, and September 21, 2022.
