Transactions: HCS-Girling’s Deal With Pinnacle Home Care; BrightSpring Health To Acquire Haven

HCS-Girling Backs Pinnacle Home Care HCS-Girling and Pinnacle Home Care announced earlier this month that the two companies have a definitive agreement to enter into a strategic partnership. Financial terms of the deal were not disclosed.  The New York-based HCS-Girling provides home health and home care services, and Pinnacle Home Care is one of the […]

Transactions: Pennant Announces 2 New Home Health, Hospice Acquisitions; Family Resource Home Care Expands Footprint

The Pennant Group secures 2 more acquisitions The Pennant Group has completed two acquisitions thus far in May. Announced first was its acquisition of the Davis County, Utah-based South Davis Home Health and South Davis Hospice. “This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our […]

Compassus Taps Fresenius Veteran Michael Asselta As Next CEO

There’s a new leader at the helm of Compassus. The company’s board of directors has named Michael J. Asselta as CEO. “Compassus continues to build national momentum in executing its shared mission with long standing provider and payer partners to expand access to best-in-class home-based care services,” Pat Ryan, executive chairman at Compassus, said in […]

The Most Game-Changing Home-Based Care Blockbusters Of The Last Decade

Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]

No Empty Promises: How Home-Based Care Providers Actually Plan To Use AI

Artificial intelligence is likely to be a society- and business-altering technological development. But, just like the advent of the internet before it, AI’s emergence will undoubtedly lead to as many empty promises from business leaders as it does actual use cases. That’ll particularly be the case in the early innings of AI, which I believe […]

Compassus Scores Joint Venture With Bon Secours Mercy Health

Compassus has announced a home health and hospice joint venture with Bon Secours Mercy Health (BSMH), a Ohio-based health system. Through the new JV, Compassus will manage operations for 10 home health agencies and 11 hospice operations across five states. The news of the joint venture comes on the heels of Compassus’ partnership expansion with […]

Compassus, Pennant Group Expand Home Health JV Portfolios

Two home-based care providers – Compassus and the Pennant Group (Nasdaq: PNTG) – have expanded their JV portfolios this week. On Wednesday, Compassus and Ascension announced the expansion of their Tennessee-based home health partnership, which is dubbed Ascension Saint Thomas at Home. Subsequently, Ascension Saint Thomas at Home’s service area now covers 17 Tennessee counties […]

Compassus Looking For More AI Use Cases, Risk-Bearing Partners In Near-Term Future

As artificial intelligence becomes more applicable in health care, home-based care providers are finally diving into use cases that may work for them. The Brentwood, Tennessee-based Compassus is a prime example of that. A forward-thinking provider, it has been utilizing RPM and telehealth for years, even prior to COVID-19. Now, it’s looking at ways it […]

Private Equity, AI Likely To Power Home-Based Care in 2024

Home-based care providers have been waiting for the other shoe to drop on dealmaking for a year now. As 2024 nears, that shoe may be finally landing. And, in addition to M&A, genuine AI application in both home health care and home care appears to be right around the corner. Those were two of my […]

Compassus Brings On John Cullen As Next CFO

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 […]