Providence Forms Joint Venture With Compassus for Home Care
Providence health system is entering into a joint venture with home care provider Compassus for home health, hospice, community-based palliative care and private duty caregiving services.
Under the agreement, Tennesse-based Compassus will assume management of the operations of Providence’s 24 home health locations in Alaska, California, Oregon and Washington, and 17 hospice and palliative care locations in Alaska, California, Oregon, Texas and Washington. The joint venture will also include private duty services in Southern California.
Compassus provides home-based care services including home health, home infusion, palliative and hospice care at more than 270 locations in 30 states. Compassus has formed similar joint ventures with not-for-profit health systems, such as Ascension, Bon Secours Mercy Health and OhioHealth.
Renton, Wash.-based Providence said it chose this joint venture because Compassus brings a proven track record for high-quality home-based care, as well as technology and devices that will further support nurses and other caregivers delivering care in the home.
“Serving people in their home, many of whom are at their most vulnerable, is sacred work and a deeply held part of the Providence mission. As our communities age, we have been thoughtfully evaluating how to best meet the growing need for these services,” said Terri Warren, Providence chief of community services, in a statement. “Compassus shares our commitment to these services and will enable us to expand access to care in the comfort of home.”
“Compassus has experience partnering with forward-looking nonprofit health systems to leverage combined strengths and resources to deliver high-quality home-based care in more communities,” said Compassus CEO Mike Asselta, in a statement. “Coupling our operational expertise with Providence’s rich history of impactful collaboration, we will extend compassionate, person-centered care to support more patients and families and allow people to receive care where they live whenever possible.”
Asselta joined Compassus this year after spending nearly eight years at Fresenius Medical Care North America, where he most recently served as chief operating officer of U.S. Care Delivery and president of Fresenius Kidney Care
