New Day Healthcare has announced its first acquisition of 2024. The company has acquired Texas-based Compassion Hospice for an undisclosed amount. Founded in 2007, Compassion Hospice provides hospice care in the Southeast Texas area.
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 29 locations across Texas, Missouri, Kansas and Illinois. The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care.
Compassion Hospice will not rebrand and will retain its current leadership. This marks New Day’s ninth acquisition since the company was established in 2020. The company has only publicly announced three of those transactions. Most recently, New Day acquired Pathfinder Home Health in October 2023, as well as AdvantageCare Home Health in September 2023. Both of those companies are headquartered in Texas.
According to data captured in the LevinPro HC database, this acquisition marks the first Home Health & Hospice (HH&H) transaction of the year. During 2023, there were 95 HH&H transactions announced, including 13 in the home hospice and palliative care specialty.
