Compassus appoints Fresenius veteran Michael Asselta as its subsequent CEO
There’s a new chief on the helm of Compassus. The corporate's board of administrators has appointed Michael J. Asselta as CEO.
“Compassus continues to construct nationwide momentum because it executes on its shared mission with longstanding suppliers and payers to broaden entry to the perfect house care providers,” Pat Ryan, govt chairman of Compassus, mentioned in a information launch. “Mike's expertise driving operational excellence at scale and employer-of-choice initiatives will likely be an incredible asset in advancing these objectives.”
Compassus is likely one of the largest house care suppliers within the nation. The Brentwood, Tennessee-based firm offers house well being, hospice, palliative and residential infusion providers in additional than 270 areas in 30 states.
Asselta takes over from David Grams, who has been CEO of Compassus since 2022. Grams will serve in an interim advisory position to help with the transition. Grams succeeded Jim Deal within the position of CEO.
Previous to becoming a member of Compassus, Asselta was Chief Working Officer of US Healthcare and President of Fresenius Kidney Care at Fresenius Medical Care North America. He labored on the firm for nearly eight years.
Previous to Asselta's time at Fresenius Medical Care North America, he held management positions at firms akin to Quest Diagnostics (NYSE: DGX) and SelectQuote Senior.
“Mike has a powerful monitor file of working and rising multi-location healthcare organizations that present the very best high quality of care, and I’m assured he’s the suitable particular person to steer Compassus because it continues to broaden entry to built-in, home-based well being care continues to broaden. healthcare providers in partnership with market-leading healthcare methods and payer organizations,” mentioned Ryan.
Final yr, Residence Well being Care Information named Compassus considered one of six house well being suppliers to look at.
One of many causes Compassus earned a spot on the listing was due to its constant progress. The corporate appeared in Inc. 5000's listing of quickest rising US firms in 2021, 2018 and 2017. That progress was pushed by each new developments and acquisitions.
Early this yr, the corporate fashioned a three way partnership with Bon Secours Mercy Well being, an Ohio-based well being care system.
A month earlier, Compassus and Ascension introduced the growth of their Tennessee-based house care partnership, Ascension Saint Thomas at Residence.
Asselta hopes to construct on these achievements.
“Comassus has a powerful popularity for excellence and high-quality, home-based care throughout the nation, which continues to be realized by means of its built-in care mannequin and progress in market-leading partnerships,” Asselta mentioned within the press assertion. “I’m honored to have the chance to steer the group into this subsequent section, alongside a extremely gifted management crew of passionate and compassionate leaders. Collectively we are going to proceed to work to rework lives and ship person-centered care the place folks dwell by means of our 'Take care of Who I Am' mission.”