Compassus – one of the largest home-based care providers in the country – has a new CFO. John Cullen will take over the role on Oct. 30, the company announced Monday.
Cullen will succeed Brad Wear, who was named CFO in 2018.
“John’s extensive experience and proven leadership in the health care sector equip him well to advance the financial and operational strategies of Compassus,” Compassus CEO David Grams said in a statement. “We are confident that his contributions will be instrumental in bolstering our commitment to delivering the highest quality of compassionate care to the communities we serve.”
Based in Brentwood, Tennessee, Compassus provides home health, hospice, palliative and home infusion services across more than 250 locations in 29 states. It is backed by the private equity firm Towerbrook Capital Partners and the health system Ascension Health.
Most recently, Cullen was the vice president of corporate development at Scripps Health, a nonprofit health system based in San Diego. There, he oversaw M&A and JV activity.
He also has significant home health and hospice experience, including at Amedisys Inc. (Nasdaq: AMED) and Sutter Health’s Sutter Care at Home.
“As Compassus continues to innovate and expand, Cullen’s leadership will be invaluable in driving enhanced financial strategies and sustainable growth,” Compassus’ statement read. “The entire Compassus family is excited to welcome John Cullen and is looking forward to the significant contributions he will undoubtedly make.”
Compassus leadership has seen a few changes over the past couple of years. Grams himself came on as CEO at the beginning of 2022. In addition, Dr. Laura Templeton was named EVP and COO and Kathy Winn was named SVP and chief marketing officer.
Jeff Marsh, the chief growth officer at Compassus, recently participated in Home Health Care News’ FUTURE event.
There, he provided some insight into how the company is thinking about the future of home-based care.
“I think [about] three things with regards to the future of home care,” Marsh said. “One, there’s going to be an expectation for home care providers to be able to provide higher and higher acuity care in the home. I also think we’re going to have to widen the aperture in terms of what we look at in the home — social determinants of health, behavioral health, mental health. I think that the impact of other comorbidities on recidivism rates and rehospitalizations is an unmet need at this point.”