Two residence care suppliers – Compassus and the Pennant Group (Nasdaq: PNTG) – expanded their JV portfolios this week.

On Wednesday, Compassus and Ascension introduced the growth of their Tennessee-based residence care partnership, referred to as Ascension Saint Thomas at House.

Subsequently, Ascension Saint Thomas at House's service space now covers 17 Tennessee counties within the central and western components of the state.

“We’re lucky to have discovered a terrific associate in Ascension and are happy with the partnership we’ve got fashioned and its influence on increasing entry to residence care in lots of communities,” mentioned David Grams, CEO of Compassus, in an e mail to House Well being Care Information . “Since first partnering with Ascension Saint Thomas in Tennessee final October, our aim has been to convey residence well being care to extra Tennesseans. We’re grateful to develop that partnership and can proceed to discover alternatives to convey sought-after residence care providers to extra communities.”

Compassus is without doubt one of the largest residence care suppliers within the nation. The Brentwood, Tennessee-based firm offers residence well being, hospice, palliative and residential infusion providers in additional than 250 areas in 29 states. It’s backed by non-public fairness agency Towerbrook Capital Companions and Ascension.

Finally, Ascension is without doubt one of the largest non-public healthcare techniques. The group's portfolio contains 250 healthcare areas, 13 hospitals and a community of joint ventures, medical practices, clinics and specialised amenities.

Compassus and Ascension Saint Thomas first rolled out their JV partnership throughout eight provinces final October.

“Our partnership with Ascension permits us to achieve extra folks in want of residence care,” mentioned Grams. “Whereas each of our organizations are adept at offering this care independently, by becoming a member of forces we are able to make sure that sufferers throughout the continuum have entry to the precise care on the proper time. Their journey. As well as, we’ve got the extra assist of the scientific and operational groups working collectively to attain shared objectives to assist the affected person expertise and high quality of care.”

Pennant Group joins JV in healthcare system

The Pennant Group has fashioned a house well being three way partnership with John Muir Well being. The 2 corporations formally concluded the collaboration on January 1, 2024.

John Muir Well being is a nonprofit built-in well being care system serving communities within the East Bay area of San Francisco.

Eagle, Idaho-based Pennant is a holding firm of independently operated subsidiaries throughout the U.S., with a community that features 99 residence well being and hospice companies and 51 senior dwelling communities.

As a part of the three way partnership, the 2 organizations will present expert nursing, remedy, residence care and medical social work providers all through the Bay Space. The JV will function underneath the identify Muir House Well being.

“We’re happy to function this three way partnership,” Pennant CEO Brent Guerisoli mentioned in a press launch. “Muir House Well being will convey collectively the deep expertise of one of many Bay Space's high healthcare techniques with Pennant's deep expertise in managing and supporting the supply of life-changing residence care providers. This collaboration will create a novel continuum of care that can profit Bay Space residents for a few years to come back.”

Finally, John Muir Well being will contribute its residence care enterprise to the three way partnership, which might be majority owned and managed by a subsidiary of Pennant. In the meantime, Pennant Companies Inc. present operational and administrative assist providers for the JV.

“We chosen Pennant due to their established observe document of offering high-quality residence care and their dedication to customer support and their staff,” John Muir Well being President and CEO Mike Thomas mentioned within the assertion. “Our new three way partnership will develop entry to residence care within the space and allow the deployment of care pathways, the newest protocols and greatest practices developed by Pennant by way of the operation of its nationwide residence care companies.”